- Unsurprisingly, Leap Wireless (LEAP -0.2%) shareholders have overwhelmingly given a thumbs-up to the company's acquisition by AT&T (T +0.2%). Over 99% of shares were voted in favor of the deal at a special meeting.
- The DOJ and FCC, which haven't always seen eye-to-eye with AT&T, still have to approve the deal. But while the FCC might seek spectrum concessions, few expect the acquisition to be fully vetoed.
- AT&T is paying $1.19B for Leap's equity, and also assuming $2.8B in debt and giving Leap shareholders the proceeds from the sale of spectrum Leap previously acquired for $204M. Once the deal closes, Ma Bell plans to retire its fairly new Aio prepaid brand in favor of Leap's Cricket brand.
From other sites
Video at CNBC.com (Aug 3, 2015)
Video at CNBC.com (Jul 23, 2015)
at CNBC.com (Jun 8, 2015)
at CNBC.com (May 18, 2015)
Video at CNBC.com (May 11, 2015)
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