Home Clearwire endorses Sprint takeover offer
 

Keywords :   


Clearwire endorses Sprint takeover offer

2013-05-07 08:57:00| Telecompaper Headlines

(Telecompaper) Clearwire has sent a letter to its shareholders endorsing Sprint's takeover bid for the company. After an evaluation of the offer by a special committee of board members, Clearwire said the buy-out by its largest shareholder offers "the best strategic alternative for Clearwire's minority stockholders, representing fair, attractive and certain value". The company did not comment on the alternative takeover over from Dish Network. The offer of USD 2.97 billion or USD 2.97 per share offers an attractive value for its spectrum, a strong premium to the share price, high certainty compared to alternative business plans and immediate liquidity. Clearwire also sought an independent opinion, which found that the offer was fair in financial terms. Shareholders will be asked to vote on the takeover at a meeting on 21 May. Comcast, Intel, and Bright House Networks, which together own 13 percent in Clearwire, have already agreed to sell to Sprint.

Tags: offer sprint takeover endorses

Category:Telecommunications

Latest from this category

All news

»
24.11MSX2
24.11CITY 1-13
24.11 Loveyoursself Soul DVD
24.11B787-8 1/400
24.11GIANT CONTEND SL1105
24.11HappySanrio characters Halloween
24.11
24.11emmi
More »