RICHARDSON, Texas, April 24 MetroPCS Communications Inc shareholders on Wednesday voted to approve a combination with No. 4 U.S. wireless service provider T-Mobile USA, after T-Mobile parent Deutsche Telekom AG sweetened its terms under pressure from activist shareholders.
Activist shareholder P. Schoenfeld Asset Management had led a proxy battle against the original deal, while biggest MetroPCS shareholder Paulson & Co had also threatened to vote against it. Both investors have said they were happy with the improved terms.
BRIEF-Space Shop Portfolio I Llc says sold upto $18.1 mln in equity financing
* Total offering amount was $18.2 million Source text - http://bit.ly/2bnYGma
UPDATE 2-More U.S. retailers probing phony Egyptian cotton
CHICAGO/NEW DELHI, Aug 24 U.S. retailer Bed Bath & Beyond on Wednesday said it ordered an external audit of textiles from Welspun India, after Target Corp last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years.
UPDATE 1-Clinton calls for lower price on allergy drug EpiPen
WASHINGTON, Aug 24 Democratic presidential candidate Hillary Clinton called on pharmaceutical company Mylan NV to voluntarily drop the price of its severe allergy treatment drug EpiPen, which has increased in price by more than 400 percent in the past decade.