Hedge Fund Demands To See MetroPCS' Books

Law360, New York (February 13, 2013, 3:43 PM EST) -- A hedge fund opposing the merger between MetroPCS Communications Inc. and T-Mobile USA Inc. on Wednesday demanded to see MetroPCS' books, echoing criticisms that the deal includes unfavorable debt structures “not based on any market reality.”

P. Schoenfeld Asset Management LP sent a demand under Delaware law to inspect the company's books and records. The fund has threatened to vote against the deal, which it says forces MetroPCS to refinance cheap debt at much higher levels and send billions of dollars in interest payments to T-Mobile...
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