MetroPCS’s Largest Shareholder Paulson Backs Sweetened Bid


Source: Bloomberg
Coverage Type: reporting
Location:
Paulson & Co, 811 SW Naito Parkway, Portland, OR, 97204, United States

MetroPCS’s largest shareholder, Paulson & Co., said it now supports a merger with Deutsche Telekom AG’s T-Mobile USA after the offer was revised to include less debt. “While Paulson needs to review the revised proxy statement before making a final decision, Paulson intends to vote for the merger as restructured,” the firm said. P. Schoenfeld Asset Management, the MetroPCS investor that led the fight against the original deal, said it plans to drop its opposition to the merger.

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