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Sprint (S) agrees to buy the approximately 50% of Clearwire (CLWR) it does not currently own for...

Sprint (S) agrees to buy the approximately 50% of Clearwire (CLWR) it does not currently own for $2.97/share, valuing the entire company at about $10B. Sprint notes the price is a 128% premium to Clearwire's closing price the day before the acquisition discussion news reached the market. It's also a near 12% discount to Clearwire's Friday closing price. CLWR shares halted. (PR)
Comments (4)
  • So what does Joe Shareholder get out of this.....the shaft at 2.97 or Fridays closing price?
    17 Dec 2012, 07:39 AM Reply Like
  • Future headline, Sprint says goodbye to SoftBank
    17 Dec 2012, 07:41 AM Reply Like
  • screwed by sprint
    17 Dec 2012, 08:01 AM Reply Like
  • move forward and look at the impact small cells will have in wrenching the grip of AT&T, verizon out of the mega markets....sprint with dish can lead the charge...
    17 Dec 2012, 08:31 AM Reply Like
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