Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

Bruins Live

0

0

1st Prd 19:10

Deutsche sweetens MetroPCS bid

BERLIN — Deutsche Telekom AG, the parent company of T-Mobile USA, has raised its bid for MetroPCS Communications Inc. to placate shareholders for the cellphone carriers.

The disclosure late Wednesday came ahead of a special shareholder meeting MetroPCS had scheduled for Friday. Major MetroPCS shareholders had voiced their opposition to the deal, saying they were not getting a fair share of the combined company.

Continue reading below

Two shareholder advisory firms had also said they opposed the deal last week, ­sending shares of Dallas-based MetroPCS up in expectation of a sweetened bid from Deutsche. The German ­company called its new bid its ‘‘best and final offer.’’

Paulson & Co., the largest shareholder of MetroPCS, said Thursday that it now intends to vote in favor of the deal.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com