Leap Rejects MetroPCS Bid
Sep 17, 2007, 1:43 AM by (staff)
Leap, which operates Cricket, has decided to reject a takeover bid from rival fixed-rate provider MetroPCS. MetroPCS made an unsolicited offer to buy Leap in a stock trade approximately two weeks ago. Leap's board cited concerns over the lack of previous discussions or an integration plan from MetroPCS.
Just a formality.