Clearwire will not hold its planned shareholder vote today, which was to decide if the company would accept Sprint’s proposed acquisition offer. The vote has already been rescheduled once. Sprint recently raised its bid for Clearwire from $2.97 per share to $3.40 pre share, an offer it called its “last and best” bid for the […]
May 31 2013 | Posted in
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Crest Financial today vowed to continue its fight for a better deal from Sprint for Clearwire. Crest has opposed Sprint’s attempt to acquire the 49.5% of Clearwire it does not already own from the start. Last week, Sprint improved its offer from $2.97 per share to $3.40 per share, increasing the total amount by about […]
May 28 2013 | Posted in
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Sprint today submitted a revised offer for Clearwire and increased its bid from $2.97 per share to $3.40 per share, now totaling about $2.5 billion. Sprint hopes the improved offer will give Clearwire’s board and investors the incentive they need to approval the deal. Sprint is looking to purchase the 50% of Clearwire that it […]
May 21 2013 | Posted in
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Clearwire today sent a letter to its shareholders regarding Sprint’s take-over offer. Sprint offered to purchase the remaining 49% of Clearwire that it doesn’t already own for $2.2 billion. The offer has met with stern disapproval from several large Clearwire shareholders. In today’s letter, Clearwire explained that its board evaluated Sprint’s offer thoroughly against various […]
May 6 2013 | Posted in
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Aurelius Capital has thrown its hat in the ring with Crest Financial in opposing Sprint’s proposed buyout of Clearwire. Aurelius alleges that Sprint and Clearwire’s boards of directors violated their legal obligations to obtain the best possible deal for Clearwire’s minor shareholders. The company accused Sprint of dictating “manifestly unfair” terms with its $2.97 per […]
Apr 28 2013 | Posted in
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Sprint and Softbank have agreed to unofficial terms requested by the U.S. government with respect to purchasing telecommunications and wireless networking equipment from Chinese vendors such as Huawei and ZTE. Softbank is in the process of acquiring a 70% stake in Sprint, and the agreement is meant to help ease the transaction though the approval […]
Mar 29 2013 | Posted in
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Clearwire today said that it will, for a second time, draw $80 million in financing made available by Sprint. The $80 million option was put in place as part of Sprint’s plan to acquire the portion of Clearwire that it doesn’t already own. Clearwire, which is transitioning from WiMax to LTE, needs the financing to […]
Mar 28 2013 | Posted in
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Clearwire today indicated that it will tap into $80 million in financing made available by Sprint. The $80 million option was put in place as part of Sprint’s plan to acquire the portion of Clearwire that it doesn’t already own. Clearwire, which is transitioning from WiMax to LTE, needs the financing to continue operations. Clearwire […]
Feb 28 2013 | Posted in
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Clearwire today issued a proxy statement that discusses its current state of mind with respect to the proposed acquisition offers from both Sprint and Dish Networks. Clearwire explains that in addition to paying $2.97 per share for the remaining portion of Clearwire it does not own, Sprint also committed to provide Clearwire with $800 million […]
Feb 1 2013 | Posted in
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If your Valentine is a techie who like staying connected then This Valentine’s Day, what could be more fitting then a small red package that keeps users connected even when they’re apart. For a limited time, consumers can purchase a jewel-tone red Limited Edition CLEAR Spot Voyager starting February 1. “We understand that our customers’ […]