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MetroPCS's Largest Shareholder to Vote Against T-Mo Merger

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Feb 28, 2013, 7:30 PM   by Eric M. Zeman

MetroPCS and T-Mobile face dissension among the shareholder ranks. MetroPCS shareholder John Paulson, who manages a hedge fund through Paulson & Co., notified MetroPCS today that he intends to vote against the proposed merger. Paulson's fund holds a 9.9% stake in MetroPCS. Paulson's decision follows a similar one by P. Schoenfeld, which owns a 2.3% stake in the company. The two shareholders believe that MetroPCS can negotiate a better acquisition deal with companies other than Deutsche Telekom, T-Mobile USA's parent company. MetroPCS and T-Mobile are still confident the deal will garner the support from the majority of shareholders, as well as the federal government.

more info at Wall Street Journal »

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Stick A Fork in Her... techalum99 Mar 1, 2013, 2:25 PM
 
 
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