Analyst: MetroPCS-Leap deal by Thanksgiving

While the deal between Leap Wireless and MetroPCS seems to be at a standstill following Leap's public rejection of MetroPCS's unsolicited $4.7 billion offer, analysts are optimistic that a merger is imminent. Lehman Brothers analyst Brett Feldman said that the Leap response was "not a final rejection, but the next volley in what we expect to be continued negotiations." Feldman continued: "A deal between these two companies is still likely...prior to Thanksgiving." Feldman, like other analysts, believes future talks will be held in private, however.

Banc of America Securities analyst David Barden noted that Leap's public rejection was a harsh response to MetroPCS's public offer: "We believe a deal is still possible, of course, but Leap, in our opinion, clearly seemed to take offense at the PCS approach and responded in kind."

For more analysis of the deal:
- read this article from the San Diego Union-Tribune

Suggested Articles

Ericsson looks to expand its presence and accelerate 5G adoption in the enterprise market.

The private equity firm of Brightstar Capital Partners (BCP) announced it has signed a definitive agreement to acquire a majority stake in Brightstar.

A Verizon documentary debuted this week featuring companies developing innovative applications enabled by 5G.