MetroPCS's Largest Shareholder to Vote Against T-Mo Merger
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.
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Blu Life One X3 Adopts Metal-and-Glass Design and Packs 5,000mAh Battery
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MetroPCS to Sell the iPhone
T-Mobile's prepaid brand, MetroPCS, today said it will soon sell the entire range of iPhones from Apple. MetroPCS plans to kick off iPhone sales at select stores in Florida on July 1, but will expand to all stores around the nation soon.
Stick A Fork in Her...
I have not heard one shareholder come out in favor and this does not look good for the merger.