Courthouse News Service reports that MetroPCS shareholders filed two lawsuits in the Dallas Country Court last week.
The complaints claim that:
- The deal "drastically undervalues" MetroPCS at $12.48 per share.
- The deal was structured to favor one buyer -- T-Mobile owner Deutsche Telekom AG (NYSE: DT) -- with clauses that allow it to make a new matching bid if rivals attempt to top its offer.
- Executives from MetroPCS stand to get millions of dollars in special payments not being made to ordinary shareholders through the deal.
- Sprint Could Counter-Bid for MetroPCS
- T-Mobile/MetroPCS Wants to be 4G 'Value-Leader'
- T-Mobile, MetroPCS to Merge
- Is MetroPCS DT's Magenta Exit?
- T-Mobile in Talks to Buy MetroPCS
- Analyst: T-Mobile Is M&A Challenger for Sprint
- T-Mobile USA in $2.4B Towers Deal
- T-Mobile's New CEO to Lead Challenger Strategy
- MetroPCS: The LTE Value Play
- T-Mobile Tosses Data Caps & Speed Limits
— Dan Jones, Site Editor, Light Reading Mobile