Largest MetroPCS investor may vote against T-Mobile tie-up

02/17/2013 | Bloomberg Businessweek · Wall Street Journal, The

Paulson & Co., which bought 8 million shares of MetroPCS late last year to become the prepaid carrier's largest shareholder, may join P. Schoenfeld Asset Management in opposing MetroPCS' merger with T-Mobile USA, the hedge fund said in an e-mail statement. Run by billionaire John Paulson, the fund said that the combined entity would have "too much debt, the interest rate on Deutsche Telekom's debt financing is too high, and the exchange ratio is too low for PCS stockholders."

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Bloomberg Businessweek · Wall Street Journal, The

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