(Reuters) - Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp , given a lack of better options to keep the company afloat, influential proxy advisory firm ISS said on Friday. Sprint, which already owns 52 percent of Clearwire's shares, has proposed paying $2.97 per share for the rest. Investors are due to vote on that bid May...
(13 days ago)
In an interview with Bloomberg, Sprint’s CEO Dan Hesse disclosed the company is actively looking to acquire spectrum in addition to Clearwire. This is an encouraging sign of Sprint’s increased aggressiveness in trying to compete in a tough market, but much of this plan hinges on the Softbank-Sprint merger.
(2 months and 28 days ago)
Clearwire’s Board of Directors has approved a revised offer from Sprint to acquire a remaining 50% stake in the company. Sprint had previously offered $2.97 per share, or $2.2 billion, for the wireless broadband wholesaler. After several shareholders voiced their concerns about the sale, Sprint decided to raise its offer to $3.40 per share. The revised bid valued Clearwire...
(1 day ago)
Clearwire Corp., which operates a wireless data network, sent shareholders a letter on Monday that urges that they vote for the offer by Sprint Nextel Corp. to buy out the minority shareholders of the company for $2.2 billion.
(17 days ago)
NEW YORK (AP) -- Clearwire Corp., which operates a wireless data network, sent shareholders a letter on Monday that urges that they vote for the offer by Sprint Nextel Corp. to buy out the minority shareholders of the company for $2.2 billion....
(17 days ago)
The back-and-forth from SoftBank and Dish Network illustrates that neither one's bid for Sprint Nextel is a slam dunk for Sprint shareholders. So how to weigh them?
(23 days ago)
Sprint Nextel's network partner Clearwire hasn't been able to find any other big wholesale customers nor sell any of its spectrum, so selling out to Sprint is the only real option for its shareholders, the company said Monday.A letter sent to shareholders on Monday lays out several alternatives to Sprint buying the half of Clearwire it doesn't already own and paints all of...
(17 days ago)
Sprint Chief Executive Daniel Hesse was in Irvine last week to pick up two J.D. Power awards given to the Kansas-based carrier and Boost Mobile, one of its prepaid brands.
(24 days ago)
Japanese carrier SoftBank has granted Sprint a waiver allowing it to consider Dish’s $25.5 billion bid for the company. The waiver gives Sprint permission to disclose non-public information and engage in negotiations with Dish regarding its buyout proposal. The Sprint Board of Directors has the right to terminate the existing merger agreement with SoftBank to accept a...
(2 days ago)
The Sprint / Clearwire saga continues to unfold. Clearwire has scheduled a shareholder vote on May 21, 2013. Crest has filed more papers wherever it can think of to file them and became an ongoing irritant to Sprint in its efforts to stuff Clearwire shareholders with a gross underbid for the value of its vast spectrum position. It has also now proceeded to file an...
(29 days ago)
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