Leap Wireless (LEAP)

[nsomniyak]

LEAP shareholders also get the rights to the proceeds from the radio spectrum assets LEAP purchased last August for $200MM - that would be another 2.50 a share if they sold those assets for what they paiod for them.

Given that one of the drivers behind a deal like this is the big guys wanting to acquire leases on more of the radio spectrum, it certainly seems to me that that asset is likely to be sold for more than the $200MM it is on the books for.