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Paulson & Co. isn't happy with T-Mobile USA CEO John Legere's dismissal of MetroPCS (PCS)...

Paulson & Co. isn't happy with T-Mobile USA CEO John Legere's dismissal of MetroPCS (PCS) merger opponents as "greedy hedge funds." "If anyone is being greedy here, it is Deutsche Telekom (DTEGY.PK) by stripping out $15 billion of senior debt at above market rates ... MetroPCS shareholders are left with a subordinated minority stake in an over leveraged equity stub," argues Paulson, which owns 9.9% of MetroPCS. With Madison Dearborn (another huge shareholder) supporting the deal, some think advisory firm ISS could play kingmaker.
Comments (4)
  • Chris DeMuth Jr.
    , contributor
    Comments (4109) | Send Message
     
    One greedy hedge fund is preparing to react to DT shortly:

     

    http://seekingalpha.co...
    27 Mar 2013, 04:47 PM Reply Like
  • SafisKusai
    , contributor
    Comments (236) | Send Message
     
    Pretty sure iss has half a brain and realizes that this is just a liquidity play for dt
    27 Mar 2013, 04:54 PM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    "Paulson & Co. isn't happy" ... who cares!

     

    Investors care more what Lloyd Craig Blankfein and Jamie Dimon say because they are continually relevant!
    27 Mar 2013, 05:27 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4109) | Send Message
     
    T-Mobile's Bad Side: Too Much Debt and Too Little Equity for PCS

     

    http://seekingalpha.co...
    28 Mar 2013, 06:32 AM Reply Like
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