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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • AT&T Completes Acquisition Of Leap Wireless 0 comments
    Mar 14, 2014 11:18 AM | about stocks: T, T

    Originally published at www.seclive.com

    AT&T, Inc. (NYSE:T) announced it has completed the acquisition of Leap Wireless International Inc. (LEAP) in a transaction valued at $1.3B. AT&T, which began the process of acquiring the company last July, received final approvals from the Federal Communications Commission, enabling AT&T to close its deal with Leap. AT&T will purchase all shares of Leap Wireless for $15.00 per share, acquiring all stock and wireless property that includes licenses, stores, and five million subscribers. Leap shareholders will have a right to the net proceeds from the sale of its 700 MHz "A Block" spectrum in Chicago, which Leap originally purchased for $204M in August 2012. AT&T views the acquisition as complementary to its network, with Leap's network covering 35 U.S. states and 96 million people, with its 4G LTE network supporting 21 million.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: acquisition Stocks: T, T
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