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Monday, May 6
Even as shareholder opposition makes it increasingly unlikely Sprint's (S +0.1%) $2.97/share...
Even as shareholder opposition makes it increasingly unlikely Sprint's (S +0.1%) $2.97/share offer for Clearwire will succeed, Clearwire (CLWR -0.1%) insists in a shareholder letter the offer "provides the best strategic alternative" for the 4G carrier/spectrum owner's minority shareholders. Clearwire cites a "substantial funding gap" among its reasons for backing Sprint's bid, and claims other deals, such as Dish's (DISH) $3.30/share offer, are impractical due to Sprint's opposition and Clearwire's governance structure. Shareholders vote on May 21.