Biggest MetroPCS shareholder changes course, now supports T-Mobile merger

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Deutsche Telekom's latest effort to sweeten its offer to MetroPCS (PCS) shareholders has apparently done the trick as Bloomberg reports that MetroPCS's biggest shareholder has now tentatively come out in favor of its merger with T-Mobile. Paulson & Co., the hedge fund founded by famous investor John Paulson, said on Thursday that it "intends to vote for the merger as restructured" now that Deutsche Telekom has upped its offer, although the firm said it still needs "to review the revised proxy statement before making a final decision." With Paulson likely to drop opposition to the acquisition, though, it seems that the final hurdle to MetroPCS and T-Mobile merging is about to be cleared.

 

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