Shareholder Pentwater Capital takes steps to block MHR Capital from taking over Leap Wireless...

|By:, SA News Editor

Shareholder Pentwater Capital takes steps to block MHR Capital from taking over Leap Wireless (LEAP +4.9%). In a letter to the the pre-paid carrier's board, Pentwater is requesting a rule be instituted preventing anyone from buying more than 27.5% equity without approval of the shareholders.