Just prior to its upcoming April 12 special shareholder meeting, MetroPCS Communications Inc. stepped up its PR campaign to convince stockholders its pending merger with T-Mobile USA is a good thing. “[The deal] will provide MetroPCS’ stockholders with an immediate $1.5 billion aggregate cash payment, or approximately $4.06 per share (prior to the reverse stock split that will occur in connection with the closing of the proposed combination), as well as an approximate 26-percent ownership stake in the combined company,” it wrote in a letter today. “The combined company will have significantly greater spectrum and financial resources than MetroPCS on a standalone basis and will be in a better position to participate in future industry growth and consolidation.” MetroPCS management also disputed a March 27 evaluation of the merger by ISS, saying the report relied on financial information that wasn’t fully documented and that spending money on new spectrum won’t boost the company’s value in the long run.

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