UPDATE: Deutsche Telekom Said to Talk to MetroPCS (PCS) About Possible Tie-Up with T-Mobile USA
Tweet
Share
E-mail
Get Alerts PCS Hot Sheet
Join SI Premium – FREE
(Updated - May 9, 2012 12:14 PM EDT)
According to a mid-day Bloomberg report Wednesday, Deutsche Telekom may be discussing a tie-up of its T-Mobile USA segment with MetroPCS (NYSE: PCS). Shares of MetroPCS spiked about 18 percent on the news.
A deal would likely be done through stock -- not cash -- and leave Deutsche Telecom as the controlling entity of the merger. A source has said the combined company would likely be publicly listed.
Elsewhere in the sector, shares of Leap Wireless (Nasdaq: LEAP) jumped more than 20 percent on the rumor.
According to a mid-day Bloomberg report Wednesday, Deutsche Telekom may be discussing a tie-up of its T-Mobile USA segment with MetroPCS (NYSE: PCS). Shares of MetroPCS spiked about 18 percent on the news.
A deal would likely be done through stock -- not cash -- and leave Deutsche Telecom as the controlling entity of the merger. A source has said the combined company would likely be publicly listed.
Elsewhere in the sector, shares of Leap Wireless (Nasdaq: LEAP) jumped more than 20 percent on the rumor.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Vireo Growth completes acquisition of C21 Investments
- Swarmer invests in Erik Prince-led Vectus Air Defense Systems
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
