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Thursday, April 11, 2013

Takeover Digest-New York Times business news - April 11, (NYSE: PCS)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * The Federal Reserve alerted bank officials on Tuesday that policy makers were considering a shift on when to begin easing back on stimulus efforts, a day before the news was released publicly, but it insisted there was no evidence traders on Wall Street had benefited from what was called an error. ()* Deutsche Telekom AG sweetened a bid by its T-Mobile USA unit for MetroPCS Communications Inc on Wednesday, after running into fierce resistance from shareholders of the target company. ()

MetroPCS Communications, Inc. (MetroPCS Communications) is a wireless telecommunications carrier, which offers wireless broadband mobile services primarily in selected metropolitan areas 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 3.31% or $0.37/share to $11.56. In the past year, the shares have traded as low as $5.53 and as high as $14.51. On average, 6695300 shares of PCS exchange hands on a given day and today's volume is recorded at 23416644.



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