Mergers and Acquisitions Recap: AT&T Leap Chatter, LinkedIn Monster Worldwide Chatter
The communications market in the U.S. is considered to be mature, so domestic carriers need to make acquisitions in order to grow. To that effect, AT&T (NYSE:T) has reportedly held discussions to purchase its competitor, Leap Wireless (NASDAQ:LEAP), according to sources. Though the talks were said to have been earnest, it’s not certain if they are still ongoing.
Don’t Miss: AT&T is Growing Impatient with the FCC.
Advocat (NASDAQ:AVCA) shares go through the roof, following an acquisition bid by private equity long-term care provider Covington Investments, for $8.50 a share in cash. Covington has units in Ohio, Tennessee and Florida.
Chatter that LinkedIn (NYSE:LNKD) and privately held Silver Lake are prepping an offer for Monster Worldwide (NYSE:MWW) sends its shares flying. The latter had already initiated a strategic review in March, says Reuters, and also that it’s getting data ready for potential suitors.
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