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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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September 16, 2014
15:59 EDTDTEGYVodafone, EE in talks to acquire Phones 4U assets, FT reports
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September 15, 2014
07:24 EDTDTEGYCredit Suisse to hold a conference
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07:11 EDTDTEGYVodafone says Phones 4u situation 'incorrectly' handled, WSJ says
Vodafone (VOD) said that its choice to end its 15-year collaboration with Phones 4u was "incorrectly" dealt with and the company did not allot enough time to finalize a commercial resolution, according to The Wall Street Journal, citing comments from a Vodafone spokesman. A joint venture between Deutsche Telecom (DTEGY) and Orange (ORAN), EE, also ended its contract with Phones 4u next September. Reference Link
September 5, 2014
15:56 EDTDTEGYDISH said to talk about T-Mobile deal with Deutsche Telekom, Bloomberg says
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15:32 EDTDTEGYDISH said to talk about T-Mobile deal with Deutsche Telekom, Bloomberg says
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