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URL:  http://boards.fool.com/not-sure-if-i-am-looking-at-this-correctly-but-30297551.aspx

Subject:  Re: Company Acquisition Date:  10/3/2012  1:14 PM
Author:  atta9508 Number:  26209 of 27416

Not sure if I am looking at this correctly, but here goes. Metro PCS will pay existing investors about 1.5B, so about $4/share. MetroPCS will then own 26% of the merged company. Here is how I estimate the numbers.

If T-Mobile (DT) has a market cap of 12.6 ($/share) X 4.3B Shares = $54B.

MetroPCS will do a reverse split, so number of shares is cut in half. I read in the annual report that there are 1B shares authorized and about 360M outstanding. So does this mean there are about 640M shares currently owned. If they do a reverse split does this mean that this number of shares drops to 320M? If so would I then take 26% of T-Mobiles Market Cap of 54B = 14B to determine how much the investors will receive. Then to get what that means on a $/share, would I take the 14B and divide by the number of shares owned (320M) after the split.

$14B / 320M Shares = $4/Share
$1.5B / 360 = about 4$/share

So are they saying the stock is worth about 8/share!?

Thanks,
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