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T-Mobile Withdraws Anti-Net Neutrality Lawsuit

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Replying to:  T-Mobile DID NOT ACQUIRE METROPCS!!!!! by carmodboy99   May 20, 2013, 11:32 AM

Re: T-Mobile DID NOT ACQUIRE METROPCS!!!!!

by carmodboy99    May 20, 2013, 11:40 AM

Here’s how it works:

MetroPCS will declare a 1-for-2 reverse split.
The company will pay holders $1.5 billion in cash, about $4.09 a share before the reverse split.
MetroPCS will acquire all of T-Mobile USA’s stock in exchange for a 74% stake in MetroPCS.
DT will roll existing inter-company debt into new $15 billion senior unsecured notes of the combined company, provide the combined company with a $500 million unsecured revolving credit facility and provide a $5.5 billion “backstop commitment” for certain MetroPCS third-party financing transactions.

Complicated, though not impossible to understand. incidentally, I was shocked to see Wikipedia misinforming people about the same topic. I had to go back to when the merger was announced...

http://www.forbes.com/sites/ericsavitz/2012/10/03/me ... »

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