MetroPCS urges shareholders to vote for amended T-Mobile deal

(Reuters) - MetroPCS Communications amended the terms for its proposed merger with Deutsche Telekom unit T-Mobile USA, and asked shareholders to vote for the deal. The move follows Deutsche Telekom sweetening its offer last Wednesday, bowing to pressure from activists and proxy advisory firms. MetroPCS's shares, which closed at $11.52 on the New York Stock Exchange on Friday, were down 2 percent in premarket trading. The amendment "significantly improves" the value of the proposed combination for shareholders, MetroPCS's board said in a statement. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/metropcs-urges-shareholders-vote-amended-t-mobile-deal-115247640--finance.html