Sprint (S) reportedly feels no pressure to increase its $2B, $2.97-a-share offer for Clearwire...

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

Sprint (S) reportedly feels no pressure to increase its $2B, $2.97-a-share offer for Clearwire after Dish (DISH) proposed $3.30, and thinks a bidding war is unlikely. Despite Sprint owning just over 50% of Clearwire, the latter is duty bound to consider the offer from Dish, which might receive support from Crest Financial, Clearwire's second-largest shareholder with 8% and a vocal critic of the Sprint bid.