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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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January 21, 2015
08:20 EDTDTEGYBT, Deutsche Telekom said to be in talks on partnerships, Reuters reports
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January 20, 2015
06:24 EDTDTEGYT-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 18, 2015
17:19 EDTDTEGYDeutsche Telekom plans to raise spending on German operations, Bloomberg says
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