Mergers and Acquisitions: MetroPCS Merges With T-Mobile, Carlyle Buys Commodities

The books of Best Buy Co. (NYSE:BBY) are currently hot items for perusal as the company’s founder Richard Schulze, Apollo Global Management (NASDAQ:APO), and a minimum of four private equity firms are poring over them prior to a possible buyout bid of up to $10.9 billion (which includes debt), according to Reuters. Schulze intends to unite the companies in a consortium and submit an offer, but they are said to be skeptical.

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The board of MetroPCS Communications (NYSE:PCS) okays a merger transaction with Deutsche Telekom’s (DTEGY.PK) T-Mobile USA division, says CNBC. Meanwhile, a few details emerge from a conference call such as the combined entity will keep the T-Mobile name, between $6 billion and $7 billion in cost synergies are anticipated, Deutsche Telekom will have the power to nominate board members, and T-Mobile USA Chief Executive John Legere will be the head of the company.

The Carlyle Group (NYSE:CG) is moving into commodities as it acquires 55 percent of the hedge fund manager Vermillion while the company expands beyond private equity. Vermillion manages approximately $2.2 billion and invests in an assortment of commodities that varies from agricultural staples and soft commodities such as coffee and cocoa, to metals and energy.

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