Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Leap Wireless International Inc. > News item |
Leap Wireless investor Harbinger may be gearing up for activism, reports 9.8% stake
By Lisa Kerner
Charlotte, N.C., Oct. 14 - Leap Wireless International, Inc. shareholders led by Harbinger Capital Partners Master Fund I, Ltd. said they expect to engage in discussions with the company regarding the near and long-term management and operation of the company, according to a schedule 13D filed with the Securities and Exchange Commission.
Harbinger beneficially owns 6.8 million shares, or 9.8%, of the San Diego-based provider of wireless services.
Harbinger said it wants to share its ideas to maximize value for Leap Wireless shareholders.
The investors reserve the right to be in contact with the company's management, board of directors and other stockholders, the filing said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.