Tag Archives: Dan Radovsky

Clearwire Shareholder Offers Finance Deal

By Dan Radovsky, The Motley Fool

Filed under:

Crest Financial Limited, the largest Clearwire (NAS: CLWR) shareholder not affiliated with Sprint Nextel (NYS: S) , has proposed in a letter to Clearwire’s board a financing arrangement “superior to the financing provided by Sprint Nextel Corporation,” one that would allow the company to explore merger options other than Sprint’s offer, according to a Crest announcement.

Crest would like Clearwire instead to consider selling its excess spectrum to DISH Network (NAS: DISH) rather than give it up to Sprint for what Crest feels is less than what that spectrum is worth.

Crest’s offer of $240 million in convertible debt, along with the $160 million in financing Clearwire has already received from Sprint, would give Clearwire enough capital to complete its planned build-out of 2,000 LTE sites plus an additional 2,133 LTE sites for its network, according to Crest.

The article Clearwire Shareholder Offers Finance Deal originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Clearwire Taking Sprint's Money; Still Talking to DISH

By Dan Radovsky, The Motley Fool

Filed under:

Clearwire will go ahead and take an $80 million draw provided by a financing agreement with Sprint Nextel , Clearwire announced today.

The money will come in the form of notes exchangeable for Clearwire common stock at $1.50 per share, a price that could be adjusted under certain conditions pursuant to the financing agreements with Sprint. Clearwire has not yet determined whether it will take any future draws under the agreements. According to The Wall Street Journal, Clearwire took an $80 million allotment for March and today’s announcement covers April.

Clearwire further said today that its fiduciary duties mandated discussions with DISH Network regarding the satellite TV provider’s unsolicited proposal to buy the wireless network. DISH‘s proposal is a counteroffer to Sprint’s proposal to purchase the outstanding Clearwire shares that Sprint does not already own.

Those discussions with DISH have been going on over the last three months and will continue until Clearwire can determine “the course of action that it believes is in the best interests of Clearwire’s non-Sprint Class A stockholders,” Clearwire said in its announcement.

link

The article Clearwire Taking Sprint’s Money; Still Talking to DISH originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Largest MetroPCS Shareholder Angry at Being Called "Greedy"

By Dan Radovsky, The Motley Fool

Filed under:

Paulson & Co., holder of 9.9% of MetroPCS stock, issued a press release today stating it “strenuously objects” to T-Mobile USA CEO John Legere‘s characterization of it and other of the carrier’s shareholders “as greedy because they believe the current terms of the merger are poor for MetroPCS shareholders.

Legere was asked at a T-Mobile event on Tuesday about the prospects of his company’s proposed merger with MetroPCS. “It will be approved,” he answered, “despite the greedy hedge funds that are trying to take a double-dip out of that process.”

Paulson’s response to that in its press release was to remind “MetroPCS shareholders that John Legere owns no MetroPCS stock, wants the best deal for T-Mobile/Deutsche Telekom, not MetroPCS, and is the wrong person to comment on the interests of MetroPCS shareholders.”

Paulson continued: “If anyone is being greedy here, it is Deutsche Telekom by stripping out $15 billion of senior debt at above market rates and terms for themselves before the pro forma shareholders get anything. … It is not surprising that Deutsche Telekom is so eager to close this deal, as they get the lion’s share of the benefits.”

Deutsche Telekom is the parent company of T-Mobile USA.

The article Largest MetroPCS Shareholder Angry at Being Called “Greedy” originally appeared on Fool.com.

Fool contributor Dan Radovsky and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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T-Mobile's Legere on "Greedy Hedge Funds" Trying to Stop the MetroPCS Merger

By Dan Radovsky, The Motley Fool

Filed under:

T-Mobile USA CEO John Legere is trying to rebrand the nation’s No. 4 wireless carrier as the only one seeking not to pull the wool over unsuspecting customers’ eyes. By using some colorful language in his characterization of the other mobile operators’ pricing policies in January at the CES, Legere is branding himself as an unfiltered straight-shooter.

And Legere has continued along that path in his remarks yesterday regarding his company’s proposed merger with MetroPCS , a transaction that has seen some vocal and insistent opposition from unhappy shareholders.

The merger has already passed regulatory scrutiny from the Federal Communications Commission, the Department of Justice, and the Committee on Foreign Investment in the United States, but still has to be approved by shareholders in a vote taken at a special meeting to be held on April 12.

Legere was asked about the merger’s prospects at yesterday’s T-Mobile event. The proceedings were focused on kicking off T-Mobile’s new LTE network, touting the iPhone, and announcing its new “Uncarrier” pricing policies.

“It will be approved,” Legere said of the merger, “despite the greedy hedge funds that are trying to take a double-dip out of that process.”

He was referring to Paulson & Co., controller of 9.9% of outstanding MetroPCS shares, and P. Schoenfeld Asset Management, or PSAM, controller of 2% of MetroPCS shares.

Paulson has already flatly said he will vote against the proposed deal as it is currently structured, and PSAM has filed a series of proxy statements with the Securities and Exchange Commission imploring other shareholders to vote the transaction down.

In addition, PSAM, has also called for the resignations of MetroPCS Chairman and CEO Roger Linquist, as well as director Kevin Landry, for “aggressively selling down their positions in PCS stock while simultaneously recommending the T-Mobile transaction to PCS stockholders.”

“I get what they are doing,” Legere said. “If you are an investor, and it’s before the vote, you are rattling your saber around to get more money.”

If this is just the beginning of John Legere‘s open-mouth policy, he may become the most interesting communications executive since… well, since DISH Network‘s Charlie Ergen.

A fresh idea for 2013
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The article T-Mobile’s Legere on “Greedy Hedge Funds” Trying to Stop the MetroPCS Merger originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of …read more
Source: FULL ARTICLE at DailyFinance

MetroPCS Merger Opponent Calls for Resignations

By Dan Radovsky, The Motley Fool

Filed under:

P. Schoenfeld Asset Management, or PSAM, sent a letter today to the MetroPCS board of directors, calling for a change in the company’s “governance structure and policies should the proposed transaction [merger] with T-Mobile be voted down” at the special shareholders’ meeting to be held on April 12, PSAM announced late today.

In its letter, PSAM calls for the resignation of current chairman of the board and company CEO Roger Linquist, and also of director Kevin Landry, because of their “aggressively selling down their positions in PCS stock while simultaneously recommending the T-Mobile transaction to PCS stockholders, based on implied values nearly 70% above their sales prices. In our opinion, these two directors no longer have their interests properly aligned with shareholders and they should both leave the board now.”

Earlier, PSAM had accused Mr. Linquist of selling 28% of his MetroPCS holdings despite pushing for the merger with T-Mobile.

In a recent announcement from MetroPCS, T-Mobile USA, and T-Mobile’s parent company Deutsche Telekom, which announced the composition of the board of directors of the proposed new company, neither Mr. Linquist’s nor Mr. Landry’s name is mentioned.

PSAM and its investment clients together own MetroPCS shares worth approximately $100 million, and which represent 2% of the company’s outstanding shares.

The article MetroPCS Merger Opponent Calls for Resignations originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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AT&amp;T Workers in Calif., Nev. Reject Contract

By Dan Radovsky, The Motley Fool

Filed under:

Wireline workers for AT&T‘s western region rejected a new three-year contract, the company announced yesterday.

The contract would have covered 17,000 workers in California and Nevada represented by the Communications Workers of America District 9. The company said it included annual wage and pension increases.

The contract had been offered to the membership for a vote in February in spite of the union’s bargaining committee saying it could not recommend it. The District 9 vice president, however, did recommend it be ratified.

AT&T said it will continue working to come to an agreement.

link

The article AT&T Workers in Calif., Nev. Reject Contract originally appeared on Fool.com.

Fool contributor Dan Radovsky owns shares of AT&T. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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FCC Chairman Genachowski Stepping Down

By Dan Radovsky, The Motley Fool

Filed under:

Federal Communications Commission Chairman Julius Genachowski will be leaving his post in the coming weeks, he announced today. He was nominated to lead the agency in 2009 by President Obama.

Earlier this month, Genachowski threw his weight behind the administration’s desire to repeal the ban imposed by the Copyright Office of the Library of Congress on unlocking cellphones. “From a communications policy perspective, this raises serious competition and innovation concerns, and for wireless consumers, it doesn’t pass the common sense test,” he said in a statement. “The FCC is examining this issue … I also encourage Congress to take a close look and consider a legislative solution.”

In remarks to FCC staff this morning listing the agency’s accomplishments over his term, he said:

“Over the past four years, we’ve focused the FCC on broadband, wired and wireless, working to drive economic growth and improve the lives of all Americans … Today, America’s broadband economy is thriving, with record-setting private investment; unparalleled innovation in networks, devices and apps; and renewed U.S. leadership around the world.”

The article FCC Chairman Genachowski Stepping Down originally appeared on Fool.com.


Dan Radovsky is a contributor to The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Salesforce.com Approves Stock Split

By Dan Radovsky, The Motley Fool

Filed under:

The board of directors of Salesforce.com has approved a four-for-one (4:1) split of the company’s common stock, and shareholders approved an increase in the number of authorized shares of common stock from 400 million, to 1.6. billion, the company announced today.

An additional three shares of Salesforce.com stock will be given to each stockholder of record as of April 3, 2013, with those shares distributed on April 17. Trading for those shares on a split-adjusted basis will begin on April 18.

Salesforce.com shares traded at $172. 23 a share at the end of Thursday’s trading session, with 146.45 million shares outstanding.

The article Salesforce.com Approves Stock Split originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool recommends Salesforce.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Fitch Downgrades Outlook for Frontier Communications

By Dan Radovsky, The Motley Fool

Filed under:

Fitch Ratings announced today that it has revised its outlook for Frontier Communications from “Stable” to “Negative.”

Fitch bases its revision on lowered expectations for revenue growth over the next two to three years. Also, the business and data services revenues took a modest hit in 2012, which goes against the upward trend in those areas for local exchange carriers. Business and data have been able to make up for the voice revenue losses. In addition, reforms to intercarrier compensation have lowered revenues.

Fitch does not expect great improvement in Frontier’s debt leverage: 3.2x by the end of 2013, and 3.1x by the end of 2014.

On the positive side, churn has come down for residential customers, and revenues for those customers has risen. But that’s set against a constant rate of decline from competition, and from the move away from wireline to wireless.

Fitch would downgrade Frontier’s rating from its present “BB+” if, by the end of 2013, the company’s net leverage rose to 3.3x or more, “and/or if the company does not succeed in generating positive revenue growth in business and data services.”

The article Fitch Downgrades Outlook for Frontier Communications originally appeared on Fool.com.

Fool contributor Dan Radovsky owns shares of Frontier Communications and Frontier Communications. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Is Sprint Changing Its iPhone Perspective?

By Dan Radovsky, The Motley Fool

Filed under:

Once upon a time, Sprint Nextel CEO Dan Hesse, after watching the movie Moneyball, likened the iPhone to a superstar baseball player able to “draw the crowd and fill the seats in [the team’s] high-fixed-cost stadium. iPhone has an expensive contract but he’s worth every penny.”

That contract was expensive all right; Sprint committed to buy from Apple $15 billion worth of iPhones over four years. But because Hesse felt “…the number one reason new customers don’t try Sprint has been no iPhone,” that money seemed like a mandatory cost of doing business.

Unfortunately for Sprint, as well as for AT&T and Verizon, the iPhone subsidies mobile carriers must pay to entice subscribers into signing long-term contracts just keep eating away at their profits. The more phones subsidized, the thinner the margins.

Now, in a much quieter voice announcing a program aimed at Sprint’s wholesale customers, the Mobile Virtual Network Operators, or MVNOs, which re-sell Sprint’s network services under their own brands, it seems Sprint is sidling up to Google‘s Android.

The company issued a statement today, recognizing Android’s popularity by citing research from mobile industry analyst firm Strategy Analytics saying that “70 percent of the world smartphone market share belonged at the end of 2012 to Android.”

It also brought up research firm comScore’s U.S. smartphone market share numbers, “which showed Android leading in market share with 53.4 percent of the total smartphone market.”

What Sprint says it will do for the MVNOs is offer them volume pricing on a selection of de-branded “marquee” Android handsets.

“The Android operating system provides such incredible flexibility and supply chain economy of scale that … [we] can now extend a … new branding opportunity to our wholesale customers,” said Bill Esrey, vice president of Emerging & Wholesale Solutions at Sprint.

This is quite an extraordinary reflection on the importance of Android made by the company that had put the iPhone on such a high pedestal.

The article Is Sprint Changing Its iPhone Perspective? originally appeared on Fool.com.

Fool contributor Dan Radovsky owns shares of AT&T. The Motley Fool recommends Apple and Google. The Motley Fool owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Petition of Insolvency Filed Against Suntech Subsidiary

By Dan Radovsky, The Motley Fool

Filed under:

A subsidiary of Suntech Power Holdings , Wuxi Suntech Power Holdings, is the subject of a petition for insolvency and restructuring brought against it by a group of eight Chinese banks, Suntech announced today. The petition was filed in Jiangsu Province, China.

The insolvency and restructuring procedure is designed to facilitate “an orderly restructuring plan for both Wuxi Suntech and its creditors,” according to Suntech. It said Wuxi Suntech will not object to the petition and it expects the court to decide in the next few days whether to accept the petition. 

Wuxi Suntech manufactures photovoltaic cells and modules in China, and the company says it intends to continue production to meet customer orders.

“While we evaluate restructuring initiatives and strategic alternatives, we are committed to continuing to provide high-quality solar products to our global customer base,” said Suntech CEO David King in the company’s announcement. “We will continue to work closely with all of our stakeholders and take the necessary steps to put Suntech back on track for growth.”

The company said Chinese courts typically appoint administrators to direct any restructuring and negotiations with creditors.

Suntech said neither the parent company nor any of its other subsidiaries have commenced insolvency proceedings. Earlier this week, Suntech announced it had been served a notice of default from the trustee of its 3% convertible notes after the company failed to pay $541 million in principal by the due date of March 15.

link

The article Petition of Insolvency Filed Against Suntech Subsidiary originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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f=”mixpanel”;g.people=g.people||[];h=[‘disable’,’track’,’track_pageview’,’track_links’,
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Source: FULL ARTICLE at DailyFinance

Liberty Media Buying 27% Stake in Charter Communications

By Dan Radovsky, The Motley Fool

Filed under:

Media, communications, and entertainment company Liberty Media has signed agreements with several investment funds allowing it to acquire a 27.3% stake in Charter Communications , the fourth-largest cable company in the U.S., both companies announced today.

Liberty says the $2.617 billion cost of the deal for 26.9 million Charter shares and 1.1 million warrants will be paid for with “cash on hand and new loan arrangements.”

The investment funds selling the shares and warrants are managed by or affiliated with Apollo Management, Oaktree Capital Management, and Crestview Partners. Those funds are currently the top three institutional holders of Charter’s shares. At the deal’s completion, Crestivew will hold 7.4% of Charter and Oaktree 2.2%.

According to the agreement, Liberty Media will not be allowed to increase ownership in Charter above 35% until January 2016 and cannot go above a 39.99% share thereafter.

The transaction is expected to close in the middle of the second quarter of 2013 subject to conditions including the waiting period mandated by the Hart-Scott-Rodino Antitrust Improvements Act.

link

The article Liberty Media Buying 27% Stake in Charter Communications originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Boeing Gets Order Worth $15.6 Billion From Ryanair

By Dan Radovsky, The Motley Fool

Filed under:

Boeing has received an order from Ryanair to buy 175 Next-Generation 737-800 airliners, both companies announced today.

The agreement is worth $15.6 billion at list prices and represents the largest order ever from a European airline, according to Ryanair. The airline’s fleet will grow to more than 400 planes when the last plane is delivered. About 75 of the new planes will replace existing aircraft in Ryanair’s fleet of 305 Boeing 737s. Ryanair shareholders must approve the Boeing purchase.

Ryanair says the new airplanes will allow the low-cost airline to create more than 3,000 new jobs for pilots, cabin crew, and engineers, while helping it grow at around 5% annually over the next several years. Ryanair’s goal is to have more than 100 million passengers by March 2019.

“These 175 new airplanes will enable us to lower cost and airfares even further, thereby widening Ryanair’s cost and price leadership over other airlines in Europe,” said Ryanair CEO Michael O’Leary in a statement.

Ray Conner, CEO of Boeing Commercial Airplanes, was quoted as saying, “This agreement is an amazing testament to the value that the Next-Generation 737 brings to Ryanair.”

link

The article Boeing Gets Order Worth $15.6 Billion From Ryanair originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Saul Centers Proposes to Increase Authorized Shares by 50%

By Dan Radovsky, The Motley Fool

Filed under:

Saul Centers , a Bethesda, Maryland-based Real Estate Investment Trust, is proposing the company amend its charter to increase the number of authorized shares of common stock by 50%, the company announced in a preliminary proxy statement filed with the Securities and Exchange Commission late Friday.

The amendment, if approved by a vote at the company’s annual stockholders meeting to be held on May 10, 2013, would increase the authorized shares from 30 million to 40 million. As of March 4, there were just under 20 million shares of Saul Center common stock issued.

The board of directors says the ability to issue more shares would give the company a reserve to meet present and future needs, such as flexibility in responding to a merger or acquisition bid.

Saul Centers specializes in the buying and leasing of shopping centers and office/mixed-use properties in the Washington, D.C. and Baltimore, Maryland metropolitan areas.

The article Saul Centers Proposes to Increase Authorized Shares by 50% originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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MetroPCS Merger Opposition Questions Chairman's Stock Selling

By Dan Radovsky, The Motley Fool

Filed under:

MetroPCS chairman and CEO Roger Linquist’s recent selling of company shares prior to the proposed merger between MetroPCS and T-Mobile USA has caught the attention of a vocal opponent to the deal.

The P. Schoenfeld Asset Management hedge fund, or PSAM, filed a statement with the Securities and Exchange Commission, reasserting its opposition to the merger. The statement that it also put out as a press release today reads in part:

“We note that MetroPCS Chairman Roger Linquist recently sold approximately $20 million in PCS shares (representing approximately 28% of his share position in PCS) despite recently signing shareholder letters that communicated an expected post-transaction PCS share value that is 65% higher than the prices at which his recent sales occurred. If Linquist is so confident the Company will achieve these projected pro forma share values in the near future, why is he selling and not buying PCS shares?”

MetroPCS stockholders will have a chance to vote up or down on the merits of the company’s proposed merger deal with T-Mobile USA at a special meeting to be held April 12. Schoenfeld says it will put out a “white paper” outlining its objections to the merger in the coming days.

P. Schoenfeld Asset Management says it and its investment advisory clients are “significant shareholders” of MetroPCS, with an aggregate position of more than 9,230,000 shares, representing almost $100 million in value at current prices.

link

The article MetroPCS Merger Opposition Questions Chairman’s Stock Selling originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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d.parentNode.insertBefore(b,d);a._i=[];a.init=function(b,c,f){function d(a,b){
var c=b.split(“.”);2==c.length&&(a=a[c[0]],b=c[1]);a[b]=function(){a.push([b].concat(
Array.prototype.slice.call(arguments,0)))}}var g=a;”undefined”!==typeof f?g=a[f]=[]:
f=”mixpanel”;g.people=g.people||[];h=[‘disable’,’track’,’track_pageview’,’track_links’,
‘track_forms’,’register’,’register_once’,’unregister’,’identify’,’alias’,’name_tag’,
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Source: FULL ARTICLE at DailyFinance

Sandridge Settles With TPG-Axon to Avoid Proxy Battle

By Dan Radovsky, The Motley Fool

Filed under:

Sandridge Energy entered into an agreement with the TPG-Axon Group to terminate the hedge fund’s pursuit of a proxy battle at the company’s 2013 annual stockholders meeting, according to a statement Sandridge filed with the Securities and Exchange Commission today.

TPG-Axon, the fourth largest holder of Sandridge Energy common stock with a 7.3% share of the outstanding shares, had accused Sandridge’s board of directors of violating its fiduciary duty to shareholders by not approving the slate of director nominees put forward by Sandridge.

Earlier this week, Delaware Chancery Court Judge Leo E. String Jr. agreed with TPG-Axon and ruled that Sandridge couldn’t continue to solicit consent revocations against TPG-Axon’s proxy solicitation efforts. The judge also invalidated the consent revocations Sandridge had already received.

The ongoing consent solicitation by TPG-Axon had called for the dismissal of all of the board members. The settlement agreement instead calls for increasing the size of the board from seven members to 11, with the additional four members to be TPG-Axon Group nominees.

The article Sandridge Settles With TPG-Axon to Avoid Proxy Battle originally appeared on Fool.com.

Fool contributor Dan Radovsky and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Trouble in France for Microsoft's Skype Unit

By Dan Radovsky, The Motley Fool

Filed under:

A French regulatory agency has taken a step forward in the process that could end up bringing criminal charges against Skype, the voice over Internet protocol, or VoIP, provider owned by Microsoft , according to a statement released by ARCEP, the French telecommunications regulator.

ARCEP has accused Skype of failing to register as an electronic communications operator in France, as all such companies are required to do. ARCEP said it has “requested several times that Skype declare itself as an electronic communications operator, which the company has failed to do so far.”

Electronic communications operators in France must make themselves available for the routing of emergency calls and for making the means available for legally intercepting communications, also known as wire taps.

In light of Skype’s refusal to register, ARCEP said it has turned the case over to the Paris public prosecutor, who could classify Skype’s non-action as a criminal offense.

The article Trouble in France for Microsoft’s Skype Unit originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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MetroPCS CEO Continues Weekly Share Selloff

By Dan Radovsky, The Motley Fool

Filed under:

For the fourth week in a row, MetroPCS Chairman and CEO Roger Linquist has reported selling at least 100,000 shares of his company’s stock.

The most recent SEC filing, reporting a 100,000-share sale, was dated yesterday, the same day that MetroPCS received approval from the Federal Communications Commission for its merger with T-Mobile USA. A shareholder vote on the merger is set for April 12, when the deal could be derailed by opposition shareholders.

Just ahead of the FCC giving the go-ahead for the merger, MetroPCS sent a letter to stockholders urging them to ignore attempts to dissuade them from voting for the transaction. The letter was signed by Linquist, who still has direct control of more than 3.8 million shares and indirect control of 1.3 million.

If MetroPCS prevails in getting stockholder approval, it still has to get the Committee on Foreign Investment to sign off on the merger as T-Mobile is a subsidiary of German company Deutsche Telekom.

Including the most recently reported sale of 100,000 shares, Linquist has sold about 408,000 shares since mid-February.

link

The article MetroPCS CEO Continues Weekly Share Selloff originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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FAA Approves Boeing 787 Certification Plan

By Dan Radovsky, The Motley Fool

Filed under:

The Federal Aviation Administration has approved Boeing‘s plan to test and certify improvements to the company’s troubled 787 Dreamliner, the company announced today.

Ray Conner, president and chief executive officer of Boeing Commercial Airplanes, said the following in the company’s statement.

Our proposal includes three layers of improvements. First, we’ve improved design features of the battery to prevent faults from occurring and to isolate any that do. Second, we’ve enhanced production, operating and testing processes. … Third, in the unlikely event of a battery failure, we’ve introduced a new enclosure system that will keep any level of battery overheating from affecting the airplane.

The certification plan is the starting point toward getting the 787 back in the air, the FAA said in its statement today, and it will require Boeing to conduct extensive testing and analysis to show compliance with safety regulations.

“This comprehensive series of tests will show us whether the proposed battery improvements will work as designed,” Transportation Secretary Ray LaHood said in the statement. “We won’t allow the plane to return to service unless we’re satisfied that the new design ensures the safety of the aircraft and its passengers.”

The FAA’s airworthiness directive issued on Jan. 16, 2013, ordered airlines to temporarily cease 787 operations is still in effect.

The article FAA Approves Boeing 787 Certification Plan originally appeared on Fool.com.

Fool contributor Dan Radovsky and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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No Shareholder or U.K. Hurdles for Avis-Zipcar Merger

By Dan Radovsky, The Motley Fool

Filed under:

The United Kingdom Office of Fair Trading determined there is no need to investigate the Avis Budget Group‘s acquisition of Zipcar for U.K. antitrust law violation, according to a joint announcement yesterday by both companies.

The Avis Budget Group, with 28,000 employees, has more than 10,000 rental locations in approximately 175 countries. Zipcar has almost 10,000 cars for sharing among its 777,000 members in the U.S., U.K., Canada, Spain, and Austria.

The U.S. Department of Justice has essentially approved the transaction by not reviewing it during the 30-day period mandated by the Hart-Scott-Rodino Antitrust Act. That window closed on Feb. 11.

A special meeting of Zipcar stockholders held on March 7 upheld the deal, and the companies anticipate that the transaction will become final during the week of March 11.

The article No Shareholder or U.K. Hurdles for Avis-Zipcar Merger originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Zipcar. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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