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Stock Market & Financial Investment News

News Breaks
March 29, 2013
12:49 EDTDTEGY, PCSGlass Lewis urges MetroPCS shareholders to reject T-Mobile deal
P. Schoenfeld Asset Management, PSAM, announced that Glass Lewis, a leading provider of corporate governance services to institutional shareholders, has recommended MetroPCS (PCS) Communications shareholders vote against the proposed transaction between PCS and T-Mobile USA (DTEGY). Glass Lewis is the second independent proxy advisory firm that has recommended PCS shareholders vote against the proposed Transaction. On March 27, Institutional Shareholder Services, ISS, issued a report advising its clients to vote against the Proposed Transaction also. In its report, Glass Lewis stated, "We believe MetroPCS shareholders could likely realize additional value in the short-term if the Company remained a standalone company, given its continued strong performance and prospects, conducted a proper competitive sale process seeking additional competitive takeover proposals or attempted to secure improvements in the deal terms with Deutsche Telekom and T-Mobile. In our view, all of these options are likely superior, from a valuation standpoint, than the proposed transaction as presently constructed."
News For PCS;DTEGY From The Last 14 Days
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November 25, 2014
06:41 EDTDTEGYBT Group in good position for M&A deals, Reuters columnist says
Britain's BT Group (BT) is in a strong position to carry out M&A deals in the mobile space, and could look to buy Telefónica’s (TEF) O2 unit or Orange and Deutsche Telekom’' (DTEGY)s EE, a Reuters Breakingviews columnist wrote. However, BT would have to beat out competing bidders for either potential target, the columnist added. Reference Link
November 19, 2014
13:06 EDTDTEGYDeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
November 11, 2014
06:45 EDTDTEGYGermany may reduce Deutsche Telekom stake, Reuters says
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