Mobile

MetroPCS Holders Urged to Vote Against Merger

Published on March 28, 2013
by Joann S. Lublin and Sharon Terlep

A prominent proxy adviser said MetroPCS Communications Inc. shareholders should vote against a merger with Deutsche Telekom AG unit T-Mobile USA, saying they would receive an unfair split of the combined company and would do fine owning shares of a stand-alone carrier.

The recommendation by Institutional Shareholder Services, which advises big shareholders how to vote in corporate elections, gives a boost to funds including Paulson & Co. that oppose the deal.

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