Attention, those of you who own MetroPCS Communications, Inc. (PCS): PCS was the target of a merger by T-Mobile US, Inc. (TMUS). PCS shareholders received $4.0491 cash and .5 shares of TMUS per each share of PCS. Because of this agreement, you should sell your shares of TMUS and Transmogrify after May expiration.
We’re here to help! Here is a link to the Transmogrification document that will tell you step-by-step what to do. To calculate to the “Price of Old Stock,” take the proceeds from the shares of TMUS and add the cash received from the merger and divide that sum by the number of shares of PCS you previously owned. For example, if you had 1,000 shares of PCS, you will now have 500 shares of TMUS and $4,049.1 in cash. If you sell your 500 shares of TMUS for $18, the “Price of Old Stock” will be $13.05; [(500 X 18) + 4,049.1] / 1,000.
LattcoPro clients: please give us a call before you go through the process and we will make the adjustments for you, the steps and calculations on the Transmogrification document are not necessary.
If you have any questions, please don’t hesitate to contact us at 1-888-6-SNIDER or support@snideradvisors.com. We’ll be happy to walk you through the process..
