MetroPCS Chairman Sells More Shares Prior to Crucial Vote
Mar 7th 2013 6:35PM
Updated Mar 7th 2013 7:50PM
MetroPCS chairman and CEO Roger Linquist has again reported to the Securities and Exchange Commission he has sold a significant number of his company's shares.
On March 4, Linquist sold 108,566 shares of MetroPCS stock, which he controls either directly or indirectly. That makes the third week in a row in which he has divested himself of at least 100,000 shares in the company.
Linquist still has direct control of over 3.9 million shares, and indirect control of over 1.3 million shares.
This sale comes just weeks before the special MetroPCS meeting on April 12, where shareholders will vote on the approval of the company's merger withT-Mobile USA.
MetroPCS' single largest shareholder, Paulson & Co., holder of 9.9% of the company's stock, released a statement to the media last week of its intention to oppose the deal.
The article MetroPCS Chairman Sells More Shares Prior to Crucial Vote originally appeared on Fool.com.Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.