Yes, the deal is very complicated. From what I understand it is being held up by the FCC, pending approval. You can search MetroPCS on their website and find some relative documents. I guess the chance that the deal can be disapproved is what gives rise to the notion of other bidders. Notice of FCC approval should elevate the stock price a little closer to the value of the deal.
I would have been happy with a $3 or $4 special dividend before Dec 31, 2012, since they have $7.05 per share cash; and then let them truck on.
Sentiment: Buy