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Metropcs Communications Inc Amends Agreement To Combine With T-Mobile USA


Monday, 15 Apr 2013 07:30am EDT 

Metropcs Communications Inc announced that the Board of Directors unanimously approved, and the Company has entered into, an amendment, which amends certain terms of the business combination agreement, dated October 3, 2012 , with, among others, Deutsche Telekom AG (DT), to combine MetroPCS with T-Mobile USA (T-Mobile) (the amendment and the business combination agreement as amended by the amendment, the revised agreement). Under the revised agreement, MetroPCS stockholders will continue to receive an immediate $1.5 billion aggregate cash payment, or approximately $4.06 per share (prior to the reverse stock split that will occur in connection with the closing of the proposed combination), as well as an approximate 26% ownership stake in the combined company that allows all MetroPCS stockholders to participate in the expected equity upside of the combined company. 

Company Quote

30.4
0.65 +2.18%
17 Apr 2014