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Wednesday, October 3, 2012

Takeover Digest-New York Times business news - Oct 3, (NYSE: PCS)

The following are the top stories on the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to purchase MetroPCS Communications Inc as it fights to compete against two bigger rivals.* Autos in the United States flew off the lot at the highest sales rate in four years in September, adjusted for seasonal variations, according to the research firm Autodata.

MetroPCS Communications, Inc. (MetroPCS Communications) is a facilities-based wireless broadband mobile communications provider in the United States, including the Atlanta, Boston, Dallas/Fort Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco, and Tampa/Sarasota metropolitan areas. Shares of PCS traded higher by 17.8% or $2.05/share to $13.57. In the past year, the shares have traded as low as $5.53 and as high as $14.51. On average, 7624380 shares of PCS exchange hands on a given day and today's volume is recorded at 37703696.



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