Paulson Dismisses 'Greed' Accusation In MetroPCS Fight

Mar 28 2013 | 9:14am ET

Paulson & Co. is defending itself against accusations that its greed is fueling its opposition to T-Mobile's acquisition of MetroPCS Communications.

The New York-based hedge fund said it strenuously objects to T-Mobile CEO John Legere's Tuesday comment that the merger will be approved, "despite the several greedy hedge funds that are trying to take a double dip out of that process."

Paulson and P. Shoenfeld Asset Management have argued vociferously against the deal, saying it is a bad one for MetroPCS shareholders, with T-Mobile owner Deutsche Telekom getting the "lion's share of the benefits."

Paulson owns about 9.9% of MetroPCS.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of