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Clearwire Corp Weighs Dish Network Corp's Merger Offer; Shareholders Continues To Oppose To Acquired By Sprint Nextel Corp-DJ

Monday, 4 Feb 2013 06:51am EST 

Dow Jones reported that Clearwire Corp still considering a merger proposal from satellite-television operator Dish Network Corp, as Clearwire shareholders continued to oppose the wireless broadband operator's deal to be acquired by Sprint Nextel Corp. Clearwire said in a regulatory filing Friday that it wouldn't tap financing made available by Sprint for this month, a step that could have prompted Dish to withdraw its proposal to buy Clearwire for $3.30 a share. Clearwire has agreed to sell itself to Sprint for $2.97 a share. Clearwire continued to recommend that shareholders approve the deal with Sprint, which already owns about half of Clearwire and probably could block a competing deal. By continuing talks with Dish, Clearwire kept alive the possibility that Sprint would raise its offer. 

Company Quote

2.67 +3.83%
18 Dec 2014