MetroPCS shareholders approve T-Mobile offer

Published April 24, 2013 5:33pm ET



NEW YORK (AP) — MetroPCS Communications Inc., the country’s fifth-largest cellphone carrier, said its shareholders have overwhelmingly approved the company’s takeover by No. 4 T-Mobile USA.

Wednesday’s approval was expected after T-Mobile sweetened its bid and major shareholders withdrew their objections. T-Mobile’s initial offer was approved by MetroPCS’ board, but shareholders and shareholder advisory firms called it inadequate.

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