MetroPCS shareholders approve T-Mobile deal
All 12 suggested measures were approved in a meeting today, and Paulson, the largest MetroPCS stakeholder, owned by billionaire John Paulson, has also agreed. The T-Mobile/MetroPCS merger has already gone through the regulatory approval process, so there are no other legal hurdles.
When the deal closes, Deutsche Telekom will have a 74% stake in the new company and MetroPCS shareholders will get a $1.5 billion cash payment.
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