MetroPCS Chairman Selling Shares
Feb 21st 2013 8:20PM
Updated Feb 21st 2013 9:45PM
MetroPCS chairman and CEO Roger Linquist has disposed of 100,000 shares of his company's stock that he controls either directly or indirectly, according to a filing made with the Securities and Exchange Commission on Tuesday.
Lindquist sold the shares on February 15.
MetroPCS is waiting for the finalization of a deal by which it will be taken over by Deutsche Telekom, and combined with that company's T-Mobile USA unit.
Since that deal was announced last October, MetroPCS' stock price has declined approximately 25% from a high of around $13.50. Lindquist sold his shares for around $10.37.
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