Deutsche Telekom Improves Terms for MetroPCS Merger
Deutsche Telekom today put forth its "best and final offer" to MetroPCS today in hopes of gaining shareholder favor. MetroPCS investors are prepared to vote on the merger, which has full U.S. government approval, on April 12. Several large investors are unhappy with the original terms of the deal and have been pushing other shareholders to reject the deal. In today's adjustment, Deutsche Telekom offered to reduce some of the debt owed by T-Mobile/MetroPCS to Deutsche Telekom by $3.8 billion, and it also dropped the interest rate for the loan. "This lower rate reflects the new capital structure of the combined company, the improved capital markets environment in recent months, and the interest rate level of MetroPCS newly issued $3.5 billion of bonds priced in March," said Deutsche Telekom. MetroPCS's largest shareholders have yet to officially respond to the new terms.
|Practically giving the company away....||WhySoBluePandaBear||
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