Sprint (S -2.2%) may add to its Clearwire (CLWR -8.9%) stake by picking up shares from other...

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Deja Vu Comments (604)
 
It was never on the table to begin with. The only reason it was being bandied around was the mistaken idea that minority shareholders had such huge rights Sprint would take CLWR 100% private at a huge premium. No one, repeat no one, wants CLWR's 2.5 Ghz spectrum in the US, no matter how valuable in the rest of the world it may be. All that talk about LTE-TDD and Qualcomm supporting that for the 2.5 Ghz in their chips had no relevance for the US.

When there is only one buyer, they can name the price.
19 Oct 2012, 06:31 PM Reply Like

bd4uandu Comments (929)
 
Hang on to your hats folks, were in for a little turbulence.
19 Oct 2012, 06:58 PM Reply Like

Wireless Tech Comments (34)
 
Over long run, S will buy CLWR once Softbank acquires S 70%. One thing for sure: CLWR will not belly up.

Before this softbank event, S try to avoid >50% of CLWR so its financial loss will not be on S book. Now, with $20B softbank money, it does not care that much anymore so it go ahead to over 50%.

Would CLWR shareholders agree to $2 merger? No.

$3? No.

anything above that is the game.

S tries to reduce that expectation.

My guess is that all settled and done, merger price will be about $5 or more.

Buy at this level is a good bet. Once Chapter 11 risk removed, the risk/reward ratio is much better.
22 Oct 2012, 02:14 PM Reply Like