Press release from Business Wire
Ryan & Maniskas, LLP Announces Investigation of MetroPCS Communications, Inc.
Thursday, October 04, 2012
Ryan & Maniskas, LLP Announces Investigation of MetroPCS Communications, Inc.10:51 EDT Thursday, October 04, 2012 WAYNE, Pa. (Business Wire) -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/pcs) is investigating potential claims against the board of directors of MetroPCS Communications, Inc. (“MetroPCS” or the “Company”) (NYSE: PCS) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Deutsche Telekom to combine T-Mobile USA and MetroPCS. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of MetroPCS. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/pcs Under the terms of the agreement, MetroPCS will declare a 1 for 2 reverse stock split, pay $1.5 billion to its shareholders (a value of approximately $4.09 per share prior to the reverse split) and acquire all of T-Mobile's capital stock by issuing to Deutsche Telekom 74% of MetroPCS's common stock on a pro forma basis. If you own shares of MetroPCS and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/pcs. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. Ryan & Maniskas, LLPRichard A. Maniskas, Esquire877firstname.lastname@example.org/cases/pcs