Paulson & Co. Responds to Deutsche Telekom's Improved Offer for MetroPCS
NEW YORK, April 11, 2013
NEW YORK, April 11, 2013 /PRNewswire/ -- Paulson & Co. Inc. ("Paulson"), the
largest MetroPCS shareholder, owning 36.3 million shares or 9.9% of the shares
outstanding as of the record date, today stated that it appreciates the
substantial improvement to the terms of Deutsche Telekom's offer for
Paulson thanks Deutsche Telekom for its willingness to consider the views of
MetroPCS shareholders and adjust the consideration to the benefit of all
Paulson believes the $3.8 billion reduction in debt combined with the 50 basis
points reduction in interest rate are material improvements for MetroPCS
shareholders and strengthen the pro forma company.
While Paulson needs to review the revised proxy statement before making a
final decision, Paulson intends to vote for the merger as restructured.
For further information, please contact:
Armel Leslie, Walek & Associates, +1-212 590-0530
Paulson & Co. is an investment management firm that specializes in merger
arbitrage,event-driven and distressedinvesting. Paulson has approximately
US$18 billion in assets under management and has offices in New York, London
and Hong Kong.
SOURCE Paulson & Co. Inc.
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