Wednesday, March 23, 2011

Leap Wireless Rallies On Takeover Speculation

Leap Wireless International Inc. (NASDAQ: LEAP) rallied more than 2% Wednesday on speculation that the company could be a takeover target. On Monday, Leap Wireless said that it expects to add 300,000 net customers during the first quarter of the year. It also expects the consumer churn rate at less than 3.5 percent.  The company provides wireless services under its brand name ‘Cricket.’ Stay tuned for more.

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