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Sprint Holding Off on MetroPCS Counter Offer
Wants More Time to Examine T-Mobile Proposal
by Karl Bode 06:18PM Wednesday Oct 10 2012
After insisting a Sprint counter-offer for MetroPCS was in the works last week, anonymous sources tell Bloomberg News that Sprint is holding off on any such offer...for now. According to the sources, Sprint wants some additional time to take a closer look at the T-Mobile MetroPCS deal as it's currently structured. Those same sources say Sprint has as long as three months before it's expected that MetroPCS investors vote on the deal. They also reveal for the first time that Sprint's previous attempt to acquire MetroPCS involved $5.15 in cash per share and a stock swap, a deal that valued MetroPCS at 30% more than its trading price. Sprint's planned takeover was scrapped by the board at the last second, with some worried that integrating a new acquisition and building their LTE network could be too ambitious for the company.

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Metatron2008
Premium
join:2008-09-02
united state

I'm thinking this is a ploy to drive up MetroPCS value

And possibly weaken Tmobile while Sprint builds out LTE?

OSUGoose

join:2007-12-27
Columbus, OH

Actualy

Since they are upgrading their network this would be the BEST time to buy someone. Could decomission some MetroPCS gear if on the same tower when they upgrade Sprints portion.

jack b
Gone Fishing
Premium,MVM
join:2000-09-08
Cape Cod
kudos:1

Ambitious...

...would be to turn a profit.
TuxRaiderPen

join:2009-09-19

Gordon is that you????

I though the era of junk bonds and leveraged buyouts in the M&A were over.

sproostgin don't have any $$$ to float around for this... they are just driving up the cost up for DT[Tmobile] not that I really care as neither really matter in life...just shows the low morality and ethics level in business. Can't buy it screw the purchaser into paying more... theres are real good life lesson for future MBA's..
--
1311393600 - Back to Black.....Black....Black....

David
I start new work on
Premium,VIP
join:2002-05-30
Granite City, IL
kudos:101
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So the hot girl may get her walking papers to these guys.

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