Four Clearwire investors say Sprint's revised offer is too low

NEW YORK Wed May 22, 2013 4:11pm EDT

NEW YORK May 22 (Reuters) - Four big Clearwire Corp investors with 127.4 million shares of the wireless service provider said on Wednesday they believe Sprint Nextel Corp's revised $3.40 per share offer to buy the company was still too low.

The group is made up of Mount Kellett Capital Management, Highside Capital Management, Glenview Capital Management and Chesapeake Partners Management.

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