MetroPCS shares fall as T-Mobile deal moves forward

Tools

MetroPCS (NYSE:PCS) shares have fallen 27 percent since the company's transaction with T-Mobile USA was announce in October, noted a Wall Street Journal article. Although that decline could open the door for other companies to step in and make their own counterbids for MetroPCS, the list of potential suitors appears to be notably short. As the Journal points out, Sprint could have offered a counterbid for MetroPCS, but that likely won't happen due to Sprint's plans to acquire Clearwire (NASDAQ:CLWR). Dish Network (NASDAQ: DISH) could make a play for MetroPCS, but as WSJ notes Dish might instead prefer a tie-up with a national carrier. Thus, it appears MetroPCS shareholders will have to make due with T-Mobile's bid for the company, which values MetroPCS shares at between $9.27 and $16, depending on the multiple applied, according to Sanford C. Bernstein. Article (sub. req.)