$1.5B MetroPCS, T-Mobile Deal 'Grossly Unfair,' Investor Says

Law360, New York (March 14, 2013, 4:16 PM EDT) -- A New York hedge fund with a substantial stake in wireless provider MetroPCS Communications dished out in a Thursday letter more criticism of the company's planned $1.5 billion merger with T-Mobile USA Inc., adding to a chorus of complaints that the deal shortchanges investors.

P. Schoenfeld Asset Management LP, the owner of about 2 percent of MetroPCS stock, pressed its fellow shareholders to vote against the tie-up at an April shareholder summit. Echoing its earlier misgivings, the firm called the deal's terms “grossly unfair,” saying the...
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