Proxy adviser ISS recommends Clearwire holders back Sprint deal

Fri May 10, 2013 8:16am EDT

May 10 (Reuters) - Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp, influential proxy advisory firm ISS said on Friday.

Some shareholders, most notably Crest Financial, have vehemently opposed the Sprint bid, saying it undervalued Clearwire.

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