MetroPCS Investor Leans On Report To Rip T-Mobile Merger

Law360, New York (March 28, 2013, 3:15 PM EDT) -- Proxy adviser Institutional Shareholder Services Inc. is recommending that MetroPCS Communications Inc. shareholders vote against the company's planned $1.5 billion merger with T-Mobile USA Inc., citing its potential to thrive as a standalone company, MetroPCS investor P. Schoenfeld Asset Management LP said Thursday.

The New York hedge fund, the owner of about 2 percent of MetroPCS stock and a noted critic of the proposed merger, said that ISS found that if MetroPCS avoids the tie-up, it will have enough funds to dedicate to buying new spectrum...
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