In an FAQ about the Sprint (S -1%) deal, Clearwire (CLWR +0.9%) hints the transaction could lead...

|About: Sprint Corporation (S)|By:, SA News Editor

In an FAQ about the Sprint (S -1%) deal, Clearwire (CLWR +0.9%) hints the transaction could lead to layoffs. Meanwhile, activist investor Crest Financial, which is staunchly opposed to the deal, says it now owns 8.34% of Clearwire's Class A shares, up from a prior 6.62%. But with shares trading nearly 3% below Sprint's $2.97/share offer price, the Street isn't currently betting on a higher bid arriving. Comcast and Intel say they'll sell to Sprint at $2.97 regardless of whether the deal goes through. (more)