Replies to post #59 on Leap Wireless (LEAP)

[TRUISM]

"Owners of approximately 29.8% of Leap’s outstanding shares have entered into an agreement to vote in favor of the transaction.

The transaction is subject to review by the Federal Communications Commission and the Department of Justice and to other customary closing conditions. AT&T expects the transaction to close in six to nine months."
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There may be offers from competitors going forward.
Wouldn't surprise me at all.

Take Care and God Bless....God Bless Us All.


Truth4Once

[Big_Money_Upward]

in addition to what truth4once said, with the price doubling, alot of shorts may be forced to cover! Short Squeeze

[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.