Blocked Merger: Another Opportunity for Sprint and Dish?
By Rajesh Marwah - March 11, 2013| Tickers: CLWR, DISH, PCS, S| 0 Comments
Rajesh is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
As some stakeholders continue to show their dissatisfaction with the T-Mobile and MetroPCS (NYSE: PCS) merger, the latter pushed forward the date for the shareholders' vote. The date for the special meeting has been rescheduled from March 28 to April 12, where shareholders would discuss matter concerned to the proposed merger.
The largest investor of MetroPCS, Paulson & Co, publicly expressed its agitation regarding the deal and said that it would vote against the transaction, unless T-Mobile sweetens its offer. In addition, P. Schoenfeld Asset Management LP, which owns 2.3% of MetroPCS, has asked the two parties to update the merger documents with the latest regulatory filings of both the carriers before the vote.
I was wrong. But thankfully, the major shareholders held out for a hire offer! Do you think if Dish loses on it's Sprint bid it will go after LEAP? Or if Softbank loses, will they go after LEAP? Just curious....