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Tag: clearwire
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.
Tags: offer
increases
sprint
clearwire
Dish steps down from Sprint merger to clear way for Clearwire
2013-06-19 02:09:20| CNET News.com
After a months-long battle between Dish and SoftBank over Sprint, the satellite company abandons its $25.5 billion bid for the wireless carrier to focus on "completing the Clearwire tender offer." [Read more]
Dish bashes Sprint's 'transparent' attempt to block Clearwire deal
2013-06-18 17:41:29| CNET News.com
The satellite television provider says the lawsuit is an aim to divert attention from Sprint's failure to offer a fair deal to Clearwire shareholders. [Read more]
Tags: deal
block
attempt
transparent
Sprint sues Dish, Clearwire over takeover plan
2013-06-18 14:32:29| InfoWorld: Top News
Sprint Nextel sued Clearwire and Dish Network on Monday in a bid to block Dish from taking over Clearwire, Sprint's majority-owned network partner. Dish and Sprint have been in a bidding war over Clearwire, which Sprint also plans to buy, and last week Clearwire's board recommended shareholders accept Dish's offer. But in a complaint filed in the Delaware Court of Chancery on Monday, Sprint said Dish's proposal violates its rights and those of other strategic investors. In its suit, Sprint wants to prevent the deal from being consummated and seeks unspecified damages.
Tags: plan
dish
sprint
takeover
Sprint sues Dish, Clearwire as key deadline looms
2013-06-18 04:45:14| Wireless - Topix.net
Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that also includes Japanese mobile carrier SoftBank Corp. The lawsuit filed on Monday in Delaware Chancery Court accuses Dish of trying to "fool" and "coerce" Clearwire shareholders into ... (more)
Tags: key
deadline
dish
sprint
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