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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)
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Comments (4)
  • monumentalgains
    , contributor
    Comments (233) | Send Message
     
    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
  • Gerard Hallaren, CFA
    , contributor
    Comments (283) | Send Message
     
    Future headline, Sprint says goodbye to SoftBank
    17 Dec 2012, 07:41 AM Reply Like
  • 48westcoit
    , contributor
    Comments (10) | Send Message
     
    screwed by sprint
    17 Dec 2012, 08:01 AM Reply Like
  • Big Tattor Talks
    , contributor
    Comments (20) | Send Message
     
    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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