Hedge Fund News From HedgeCo.Net

Hedge Funds Drop Campaign Against T-Mobile’s Bid for MetroPCS

NYT – The most outspoken opponents of T-Mobile USA’s bid for MetroPCS are backing off following an improvement in the takeover offer’s terms.

Both Paulson & Company and P. Schoenfeld Asset Management indicated on Thursday that they would support the revised proposal by T-Mobile’s parent, Deutsche Telekom.

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