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Provider: Thomson Reuters Stock Report
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Provider: ValuEngine, Inc.
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Sprint Nextel Corp Submits Increased Offer for Clearwire Corp


Tuesday, 21 May 2013 09:00am EDT 

Sprint Nextel Corp announced that it has submitted an increased offer to the Board of Directors of Clearwire Corp to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share, valuing Clearwire at $10.7 billion. This increased offer represents a 14% premium to Sprint`s previous offer of $2.97 announced on Dec. 17, 2012 and a 162% premium to Clearwire's closing share price the day before the Sprint-SoftBank discussions were first confirmed in the marketplace on October 11, 2012 when Clearwire was also speculated to be a part of that transaction. 

Company Quote

8.0
0.36 +4.71%
4:02pm EDT