MetroPCS Moves Forward With T-Mobile Deal, Schedules Shareholder Vote for March

MetroPCS filed papers to close its deal to merge with T-Mobile USA, scheduling a March 28 shareholder vote to approve the purchase. In a letter to its stock owners, MetroPCS urged shareholders to cast a yellow ballot in favor of the deal, and ignore the white “no” ballots being solicited by a dissident shareholder. “After a multi-year, thorough review of MetroPCS’ options, with the assistance of independent financial and legal advisors, the MetroPCS board determined that this proposed combination is the best strategic alternative for our stockholders,” the company said in its letter.