May 09, 2012 at 16:57 PM EDT
Acquisition Rumors Lift MetroPCS And Leap Wireless
Bloomberg reported that MetroPCS Communications Inc. (NYSE: PCS) may merge with T-Mobile while rumors that Leap Wireless International Inc. (Nasdaq: LEAP) may be acquired lifted shares of the rival pre-paid wireless carrier 62 cents to close at $5.76. MetroPCS stock climbed 94 cents to close at $7.50.
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