(Corrects date to June 20)
NEW YORK, June 20 Sprint Nextel Corp
raised its buyout offer for Clearwire Corp to $5 per
share on Thursday, trumping a $4.40 per share offer from Dish
Clearwire said it changed its recommendation in favor of the
Sprint offer after the price increase and postponed a June 24
shareholder vote until July 8.
Sprint, already Clearwire's majority shareholder, raised its
bid just a few days before shareholders in the smaller wireless
company were due to vote on its previous $3.40 per share offer.
(Reporting by Sinead Carew; Editing by Gerald E. McCormick)