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Sprint offers to buy out Clearwire for $2.90/shr
December 13, 2012 / 11:36 AM / 5 years ago

Sprint offers to buy out Clearwire for $2.90/shr

Dec 13 (Reuters) - Sprint Nextel Corp is looking to buy Clearwire Corp stock it does not already own for $2.90 per share, it said in a regulatory filing.

The deal, which values Clearwire at about $4.23 billion, is being evaluated by a special committee of Clearwire’s board, Sprint said.

The No. 3 U.S. mobile phone carrier had a 51.7 percent stake in Clearwire as of Dec. 11, up from the 50.8 percent on Oct. 13.

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