DISH Network's bid for Clearwire (CLWR) is "not actionable" because of legal issues, says Sprint...


DISH Network's bid for Clearwire (CLWR) is "not actionable" because of legal issues, says Sprint (S) in a letter to Clearwire's board. "To be clear, certain provisions of the Dish proposal require Sprint's consent ... Sprint will not vote in favor of the proposal, tender its shares in the offer or waive any of its rights as a stockholder." Crest Financial urges Clearwire to form a special committee to consider the Dish offer: "Dish's tender offer has shifted the battle ... to where it belongs - a competitive bidding process for Clearwire."
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Comments (2)
  • zanajohn1
    , contributor
    Comments (75) | Send Message
     
    When will S "get it". They are on a downward spiral of their own making by not treating CLWR fairly.

     

    Moody's as well as other bond rating agencies have said so many months ago and many times as they have downgraded their debt: "...each will be made weaker without the cooperation of the other.” (WSJ, April 21, 2011).
    3 Jun 2013, 08:38 PM Reply Like
  • biffster7199
    , contributor
    Comments (560) | Send Message
     
    So Sprint will do none of the things they are asking current clearwire(CLWR) shareholders to do ..got it ;)
    4 Jun 2013, 12:15 AM Reply Like
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