Deals
MetroPCS Talked With Eight Companies on Way to T-Mobile Merger
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MetroPCS Communications Inc. agreed to a merger with T-Mobile USA after holding a range of talks with at least eight other companies, including one that offered $13.39 a share in cash and stock, according to a filing.
The unnamed suitor, referred to as “Company G,” decided not to go forward with the deal in February, MetroPCS said yesterday in a proxy filing to investors. People familiar with the matter have identified Sprint Nextel Corp. as the company bidding for MetroPCS at the time. MetroPCS ultimately made a deal with Deutsche Telekom AG, T-Mobile’s owner, which announced plans on Oct. 3 to merge the two businesses.