MetroPCS to Investors: Approve T-Mobile Deal
MetroPCS' board of directors has reviewed the revised merger bid from Deutsche Telekom and unanimously approved the merger under the new terms. Deutsche Telekom amended the terms of the merger agreement such that it includes less debt and a better interest rate after it appeared that MetroPCS investors might vote down the proposed merger. Deutsche Telekom called the revised terms its "best and final offer." The merger has already been approved by the government and is awaiting a MetroPCS shareholder vote. The vote was originally to take place April 12, but was rescheduled to April 24 to give shareholders more time to consider the revised terms.