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Stock Market & Financial Investment News

News Breaks
March 29, 2013
12:49 EDTPCS, DTEGYGlass 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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October 23, 2014
09:48 EDTDTEGYDeutsche Telekom looking for potential buyer for T-Mobile, Manager Magazin says
Deutsche Telekom (DTEGY) is looking for a potential buyer for T-Mobile (TMUS) that will be able to overcome U.S. regulator anti-trust concerns, according to Germany's Manager Magazin. Reference Link
October 22, 2014
11:38 EDTDTEGYTelekom Austria announces merger between Vip Operator, One
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