"In a letter to his counterpart at MetroPCS, Leap CEO Douglas Hutcheson said the
proposed $5.5 billion all-stock merger inadequately values his company's growth
prospects. Leap published the letter in a press release. "
Looks like a merger that could have been a strong benefit to consumers has been rejected by one of the companies involved. Leap expressed concern about the fact that the MetroPCS released the deal publicly before discussions with management had begun.
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