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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.

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Mar 1, 2013, 2:25 PM

Stick A Fork in Her...

This merger is dead unless T-mo ponies up more money. Or buys Paulson out to shut him up. My two cents.

I have not heard one shareholder come out in favor and this does not look good for the merger.
I like your two cents. If only ATT would have gotten it done
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