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Clearwire Corp Investors Unlikely To Get Higher Sprint Nextel Corp Bid; Comcast Corp, Intel Corp And Bright House Networks LLC To Support For Deal-Reuters

Monday, 17 Dec 2012 03:30pm EST 

Reuters reported that Sprint Nextel Corp's $2.2 billion offer for Clearwire Corp is likely to face resistance from Clearwire's minority shareholders, but accepting the offer may prove to be their best option. The Company could face a restructuring if shareholders fail to approve the acquisition, which calls for majority shareholder Sprint to pay $2.97 per share for the roughly outstanding 50% of Clearwire it doesn't already own. Sprint has already has support for the deal from owners of 13% of Clearwire shares, Comcast Corp, Intel Corp and Bright House Networks LLC. 

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0.29 +0.51%
10:39am EST