MetroPCS Communications, Inc. (PCS) in a letter to stockholders, said, its board unanimously recommends that stockholders vote their shares for all of the proposals relating to the proposed combination with T-Mobile USA. MetroPCS noted that the failure to vote or an abstention at the special meeting of stockholders on April 12, will have the same effect as a vote against the proposed combination.
The company said there can be no assurance that MetroPCS will be able to deliver the same or better stockholder value as a stand-alone wireless company in the future. MetroPCS said stockholders should not assume that another buyer will acquire the company if the proposed combination is not approved.
The proposed combination will provide stockholders with an immediate $1.5 billion aggregate cash payment, or approximately $4.06 per share, as well as an approximate 26% ownership stake in the combined company that allows stockholders to participate in the expected significant equity upside of the combined company, MetroPCS said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.