Sprint May Still Make Counter Offer for MetroPCS
Sometime in the Next Month, May be Too Steep for T-Mobile
Guggenheim Securities analyst Shing Yin single handedly made MetroPCS shares rise today by insisting that Sprint could make a bid of $12 to $13 per share for MetroPCS sometime within the next four weeks. According to Yin
, such an offer could be too steep for T-Mobile owner Deutsche Telekom to match while still pleasing shareholders, scrapping T-Mobile's planned merger with MetroPCS.
"To counter a $13 per share bid from Sprint, if that were to occur, we estimate DT would have to give 43 percent to 47 percent of the combined company to PCS shareholders -- likely a tough proposition for DT shareholders to accept," Yin said in an e-mail.
Sprint was believed to be close to a counter offer back in October
, and of course was a breath away from acquiring MetroPCS last February
before the deal was scrapped by the Sprint board at the last second.
Re: Who knows if true, but Mr Son of Softbank is agressive Very true. Especially when the FBI and all are brought in. The same with the TMO-USA and Metro deal. Gotta love foreign ownership laws.
Re: Who knows if true, but Mr Son of Softbank is agressive Japan is a very good friend to the USA, based on that alone I think the chances of the merger getting denied are extremely slim.
Re: Who knows if true, but Mr Son of Softbank is agressive Good friend or not, the DOJ and the FCC still have foreign ownership laws that have to be followed.
Hampton Bays, NY
? if this happens, will this hurt TMO's LTE deployment schedule ?
im patiently waiting for LTE to go live before i root my device.
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