Leap Wireless International said on Sunday its board of directors had rejected an unsolicited bid from larger rival MetroPCS Communications.
Leap Wireless International, which is reviewing a buyout offer from MetroPCS Communications, said Wednesday that board member James Dondero has resigned from the Leap board, effective Sept. 10.
Leap Wireless International said Friday that its chief financial officer had resigned as the company continues to review an unsolicited takeover bid from MetroPCS Communications for about $5.4 billion in stock.
Wireless service provider MetroPCS Communications said Tuesday it proposed buying competitor Leap Wireless International for more than $5 billion in stock.
Following are the days biggest winners and losers. Find out why shares of Ford (F), Hansen Natural (HANS) and Lehman Bros (LEH) popped while Charming Shoppes (CHRS) and Leap Wireless (LEAP) dropped.
Homebuilding stocks continue to rebound from 52-week lows carved out last week while tech investors were encouraged by a number of favorable earnings reports and brightening sentiment.
Wow--can Stephen Collins pick em or not. As we mentioned in an earlier post on contest stocks--best performong stock Foster Wheeler let the actor soar into first place in Trading With The Stars--with a $78K gain on FWLT--which was up 19.96% Wednesday. He now has a total portfolio value of $1,237,825.31 which gives him a $14K lead over Jonathan Tucker with 2 days remaining in the contest. Lots of hooray's for Stephen from the "Morning Call" Team--the show he's playing for.
Analyst upgrades and earnings reports were some of the catalysts behind the most actively traded stocks on Wednesday.
The top 4 celebrities remain constant with Jonathan Tucker holding onto his lead with only $62,581.29 separating him from Stephen Collins. Poker champion Moneymaker is betting on Allscripts Healthcare to move him up from 4th on strong earnings after the bell Tuesday. And Hall of Famer Johnny Bench is counting on American Oriental Bioengineering to continue to perform--as he's in 5th place.