used cell phones online-Hart-Scott-Rodino waiting period on T-Mobile-MetroPCS deal has expired


 

Hart-Scott-Rodino waiting period on T-Mobile-MetroPCS deal has expired- unblocked cell phones

            

<!––>Posted: By Mylan Cellular  March 6, 2013

                                                  

Hart-Scott-Rodino waiting period on T-Mobile-MetroPCS deal has expired
MetroPCS announced on Tuesday that the Hart-Scott-Rodino waiting period had expired which means that regulatory agencies can no longer delay the reverse merger between MetroPCS and T-Mobile. Even though the latter is the nation’s fourth largest carrier and the former is the fifth, the deal is being structured as a reverse takeover where the smaller MetroPCS is taking over T-Mobile and will be the surviving company after the deal. Despite that, it is expected that MetroPCS will change its name to T-Mobile after the deal is completed, although that is speculation at this point.

MetroPCS will be the surviving company after the deal closes

MetroPCS will be the surviving company after the deal closes

MetroPCS shareholders will receive $4.09 a share in cash plus 26% of the remaining company. The remaining 74% of the new company will be owned by T-Mobile parent Deutsche Telekom. With the conclusion of the 30 day Hart-Scott-Rodino Act waiting period, all that is required to close the deal is the approval of MetroPCS shareholders. The vote was originally scheduled to take place on March 28th, but an administrative error has forced MetroPCS to push back the date of the vote to April 12th. Shareholders of record on the close of business on March 11th will be able to vote on the deal, which has been contested by a pair of hedge funds that together own 11% of MetroPCS stock. The pre-paid carrier is recommending that its holders approve the deal.
If the shareholders approve the deal, which is likely, the final steps will include final regulatory approval and customary closing conditions.

Please visit our ONLINE STORE for a complete selection of discount cell phones, used cell phones, refurbished cell phones as well as new and used tablets.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s