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MetroPCS shares down 7% after merger with T-mobile starts

MetroPCS shares are down 7% on Tuesday after their merger with T-mobile has started. The week before its shares spiked as it was rumored Sprint would counteroffer MetroPCS for a merger. However, Sprint has not counter offered so their shares have begun to fall. The focus on Sprint’s part in this merger has undervalued MetroPCS’s stocks.

http://www.reuters.com/article/2012/12/05/metropcs-valuation-idUSL1E8N57JM20121205

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