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Remember MetroPCS making a $5 billion offer to buy Leap Wireless. Well MetroPCS said that the $5 is not in the companies best interest because MetroPCS is worth more then $5 billion

But the real fun is when CEO’s mudsling, such as the case with Leaps Douglas Hutcheson:

“Therefore, given our broad and repeated efforts, we were surprised by your sudden offer and the fact that you decided to make the offer publicly before even attempting to enter into substantive discussions with us,” Hutcheson said in the letter. “We can only conclude that you recognize Leap’s compelling long-term growth prospects and that your aggressive approach is intended to try to opportunistically capture a disproportionate share of this value for your shareholders prior to an increase in our relative valuation.”

Ouch!

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