Proxy firms pile on pressure for better MetroPCS-T-Mobile de

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      Anonymous
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      Technology News

      Signage for a T-Mobile store is pictured in downtown Los Angeles, CaliforniaBy Sinead Carew NEW YORK (Reuters) – Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against a proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to sweeten the deal. The move by No. 2 proxy firm Glass Lewis backs efforts by two key activist investors to block the deal, the day after leading proxy firm ISS said shareholders should vote against the deal with T-Mobile USA, the U.S. business of Deutsche Telekom. …


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