MetroPCS shareholders told to vote against T-Mobile merger
A prominent organization that advises major shareholders in public companies how they should vote in corporate elections has told MetroPCS owners to vote against the T-Mobile merger.
Institutional Shareholder Services wrote to shareholders yesterday, saying that seeing their company merge with T-Mobile would not be in their best interests. According to The Wall Street Journal, which obtained a copy of the note, ISS was especially concerned with the way the market has responded since the deal was announced.
"In light of the negative market response to this transaction (shares are down 14.4 percent since announcement), the lower equity … Read more