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Clearwire backs increased Sprint offer

2013-06-21 02:00:00| Total Telecom industry news

U.S. operator trumps rival bidder Dish with $5 per share offer.

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Sprint raises offer for Clearwire to $5/share

2013-06-20 23:42:41| IT Services - Topix.net

Sprint Nextel Corp raised its buyout offer for Clearwire Corp to $5 per share on Thursday, trumping a $4.40 per share offer from Dish Network Corp. Clearwire changed its recommendation in favor of the Sprint offer after the price increase and postponed a June 24 shareholder vote until July 8. Sprint and Dish have been fighting for control of ... (more)

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Sprint raises offer for Clearwire to $5/share

2013-06-20 23:15:09| Telecom - Topix.net

Sprint Nextel Corp raised its buyout offer for Clearwire Corp to $5 per share on Thursday, trumping a $4.40 per share offer from Dish Network Corp. Clearwire changed its recommendation in favor of the Sprint offer after the price increase and postponed a June 24 shareholder vote until July 8. Sprint and Dish have been fighting for control of ... (more)

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Battle for Clearwire heats up as Sprint increases its bid

2013-06-20 23:04:26| CNET News.com

Sprint has increased its bid for Clearwire to $5 a share in the hopes of forcing satellite TV provider Dish Network to drop out of the race. [Read more]    

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Sprint increases offer for Clearwire

2013-06-20 22:37:00| Telecompaper Headlines

(Telecompaper) Sprint has increased its offer to acquire the approximately 50 percent of Clearwire it does not currently own to USD 5.00 per share, valuing Clearwire at approximately USD 14 billion, or about USD 0.30 per MHz pop. This increased offer represents a 47 percent premium to Sprint's previous offer of USD 3.40 per share announced on 21 May and a 285 percent premium to Clearwire's closing share price on 10 October 2012, the day before the Sprint-SoftBank discussions were first confirmed in the marketplace and Clearwire was speculated to be part of that transaction. This offer also represents a 14 percent premium to the USD 4.40 per share offer Clearwire previously agreed with Dish Network. Clearwire announced that its board of directors, based on the unanimous recommendation of the Special Committee consisting of independent, non-Sprint-affiliated directors, recommended that stockholders accept the revised offer from Sprint.

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