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MetroPCS Makes Offer On Leap Wireless

Article Comments  37  

Sep 4, 2007, 10:33 AM   by (staff)

MetroPCS made an offer to purchase Leap Wireless for what amounts to $5.12 billion in stock. The terms of the offer would have MetroPCS swap 2.75 of its own shares for each share of Leap. Based on the current share prices and amount of outstanding stock, the total comes to $5.12 billion. If the offer is approved by shareholders and regulatory bodies, MetroPCS would own 65.4% of Leap. The combined entity could reduce operating costs, would have a broader reach than either alone, and would have licenses giving it presence in the top 200 markets.

more info at Associated Press »



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Subject Author Date
the fcc/doj should say no SCTelephoneMan Sep 4, 2007, 11:48 AM
My take on the merger. nextel18 Sep 4, 2007, 3:57 PM
Does it matter? lufrebent Sep 4, 2007, 10:53 AM
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