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Clearwire (CLWR) -3.4% AH after announcing Time Warner Cable (TWC) will sell 46.4M Class A...
Clearwire (CLWR) -3.4% AH after announcing Time Warner Cable (TWC) will sell 46.4M Class A shares (3.2% of total outstanding shares and 7.8% of Class A shares) through a public offering. TWC had already disclosed its intent to sell the stake - investors could be disappointed other Clearwire shareholders didn't exercise their option to buy part or all of it. (PR)
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