Utilities M&A » By The Online Investor Staff, updated Fri., Apr. 19, 10:15 PM
Recent mergers and acquisitions in the Utilities M&A category.
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Slide #37. AT&T — Leap Wireless
Acquirer:
AT&T (NYSE:T)
Acquiree:
Leap Wireless
Details:
AT&T* today closed its acquisition of prepaid wireless provider Leap Wireless International Inc., which operates under the Cricket brand. AT&T announced in July 2013 that it would acquire all of Leap's stock and wireless properties, including licenses, network assets, retail stores and subscribers for $15 per share in cash. Leap shareholders will also receive a contingent right entitling them to the net proceeds received on the sale of Leap's 700 MHz "A Block" spectrum in Chicago, which Leap purchased for $204 million in August 2012.
AT&T is a holding company. Through its subsidiaries, Co. is a provider of telecommunications, media and technology services globally. Co. has three reportable segments: Communications, which provides wireless and wireline telecom, video and broadband services to consumers; WarnerMedia, which is comprised of media and entertainment company that develops, produces and acquires feature films, television, gaming and other content for monetization in various media outlets including theatrical, its own and third-party basic and premium pay television, free-to-air television, direct-to-consumer services and physical / digital retail; and Latin America, which provides wireless services in Mexico.
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Avg. Broker Rec.
 
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Buy (3.11 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: T Stock Forecast Based on Zacks ABR data; powered by Xignite |
