Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Softbank (SFTBF.PK) and Sprint (S) look set for a battle of wills with some of Clearwire's...

  • Friday, December 14, 2012, 3:02 AM ET
    Softbank (SFTBF.PK) and Sprint (S) look set for a battle of wills with some of Clearwire's (CLWR) minority shareholders, who want $5-8/share for the 48.3% of the company that Sprint doesn't own. That's well above the latter's offer of $2.90, which it made yesterday, and a cap of $2.97 that Softbank has reportedly set. In case Sprint's bid fails, Clearwire is in talks about other strategic alternatives. (previous)
Track new comments on this story

This news story has 2 comments:

  •  
    I'd be interested to hear if anyone honestly thinks CLWR has anywhere left to go that would make any kind of sense.

    Besides the idiotic adventures of Sprint's leadership dipping their feet in the company then playing around with Lightsquared, overpaying for access to iPhone, being unable to decide on a long term buildout strategy.... massive wastes of capital... CLWR should have been acquired long ago.

    With MetroPCS and Tmo tieing up, Sprint owning about half of Clwr, I'd be surprised if CLWR had any options at all.

    I don't think shareholders have too much wiggle room.
    14 Dec 2012, 06:57 AM Reply Like
  •  
    CLWR should have acquired Sprint - too bad they did have the money. As to the CLWR options, it would have been acquired long ago, if did not have them.
    14 Dec 2012, 08:36 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »