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UPDATE 1-Proxy adviser ISS urges Clearwire holders to back Sprint

2013-05-10 17:39:16| IT Services - Topix.net

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

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Proxy adviser urges Clearwire holders to vote for Sprint offer

2013-05-10 02:00:00| Total Telecom industry news

ISS says offer represents substantial premium on pre-bid share price; warns Clearwire increasingly unviable as standalone company.

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SoftBank CEO doesn't expect Clearwire bankruptcy

2013-05-10 02:00:00| Total Telecom industry news

Masayoshi Son says Sprint would fund ailing mobile broadband provider even if Clearwire rejected its takeover offer.

Tags: expect ceo bankruptcy softbank

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.

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