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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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