Listing Alert
MIAX Options
April 30, 2013 | 08:38 PM
MIAX Corporate Action Alert: MetroPCS Communications, Inc. (PCS) / T-Mobile US, Inc. (TMUS)
MetroPCS Communications, Inc. (PCS) will effect a 1 for 2 reverse stock split and distribute a special cash dividend of $4.0491 per PCS share (on a pre-split basis). Upon consummation, MetroPCS Communications, Inc. will also change its name and trading symbol to T-Mobile US, Inc. (TMUS). The mandatory exchange will become effective at the market open on Wednesday, May 1, 2013. On that date, the current PCS options class will change to TMUS1. The MIAX Options Exchange will not list TMUS1 options. Therefore, no options on TMUS will be available for trading on the MIAX Options Exchange on Wednesday, May 1, 2013. The new TMUS options series will begin trading on the MIAX Options Exchange on Thursday, May 2, 2013.
Additional details about the MetroPCS Communications, Inc. (PCS) / T-Mobile US, Inc. (TMUS) mandatory exchange are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions.
Listings@miaxglobal.com
(609) 897-7308