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Friday, Sep 28
2012, 5:11 PM
Buried within the prospectus for Time Warner Cable's (TWC) 46.4M-share public offering of...
Buried within the prospectus for Time Warner Cable's (TWC) 46.4M-share public offering of Clearwire (CLWR -9.5%) stock is a disclosure that Comcast (CMCSA) has notified Clearwire it plans to convert its 88.5M Class B shares (6.1% of all outstanding shares) into Class A shares, which it would be free to sell to the public. With Comcast having abandoned its wireless ambitions this year, it's not far-fetched to imagine some or all of those shares being sold in the near future.