Mergers and Acquisitions Roundup: MetroPCS Shareholders Bring Suit, Microsoft Buys StorSimple
A number of MetroPCS Communications (NYSE:PCS) shareholders have brought a suit to stop the T-Mobile (DTEGY.PK) merger, saying that their company is “drastically undervalued” by the terms. Observers might wonder if they are expecting that SoftBank Corp. (SFTBF.PK) might make a counter offer, while others think it will follow up on the Sprint purchase by snapping up smaller American carriers.
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Microsoft Corporation (NASDAQ:MSFT) buys StorSimple, which develops storage appliances and related software, while sporting advanced cloud backup capabilities. The purchase fits into its attempts to exhibit its Azure platform as an ideal solution for “hybrid” cloud environments which support both locally-hosted and service provider-controlled cloud infrastructures.
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