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.

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