TITLE

Metro ditches bid for Leap

PUB. DATE
November 2007
SOURCE
RCR Wireless News;11/5/2007, Vol. 26 Issue 42, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that MetroPCS Communications Inc. dropped its proposal to merge with Leap Wireless International Inc., following Leap's disinterest in the deal. Metro's stock was down around 1% on the news, while Leap's fell almost 6%. MetroPCS early in September announced an unsolicited $5.1 billion merger bid for Leap.
ACCESSION #
27542113

 

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