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Leap Rejects MetroPCS Bid

Article Comments  2  

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.

more info at New York Times »



This forum is closed.

This forum is closed.


Sep 17, 2007, 1:56 AM

Just a formality.

This will get done eventually. I believe a deal will be worked out before years end.
They want more money because Leap feels that they are worth more than what PCS is offering. I agree with them. Leap will have a conference call so if you want to listen, which is today at 10am, 1-888-396-2298, with reservation number 73732091.

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