Crest Financial protests Clearwire vote delay, opposes new bid

Tue May 21, 2013 1:40pm EDT

May 21 (Reuters) - Major Clearwire Corp shareholder Crest Financial on Tuesday said it was opposed to Sprint Nextel Corp's newly raised bid for the company.

Crest also protested Clearwire's decision to postpone a shareholder vote, which had been scheduled for Tuesday. Crest has been soliciting proxies to oppose the deal.

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