Sprint (S) +15.6%, Clearwire (CLWR) -2.8%, Dish Network (DISH) -1.7%, and DirecTV (DTV) -1.1%,...

Sprint (S) +15.6%, Clearwire (CLWR) -2.8%, Dish Network (DISH) -1.7%, and DirecTV (DTV) -1.1%, as the Street mulls the implications of Dish's $25.5B offer for Sprint (S). Dish, which has been looking for a partner for its 4G spectrum, claims a merger will result in $13B in cost/capex synergies, and yield a company with 20% EBITDA growth. Dish would fund the $17.3B cash portion of the deal using $8.2B in existing cash + debt, and foresees debt ratings of B1/B+. Sprint shareholders would own 32% of the company. No one ever accused Charlie Ergen of thinking small. (offer letter) (Dish fact sheet) (Clearwire spectrum offer) (Dish/Clearwire)

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Comments (3)
  • milehr
    , contributor
    Comments (682) | Send Message
    CLWR should be moving up on this offer. Analysts haven't figured it out yet.
    15 Apr 2013, 10:00 AM Reply Like
  • itsAme
    , contributor
    Comments (99) | Send Message
    Or people have finally figured out that clwr is locked in for S. DISH took a look at the deal and even tried to bid for it but realized S has it no matter what. So they bid for S. I don't see why clwr wouldn't trade all the way down to the 2.97 price sooner than later
    15 Apr 2013, 10:41 AM Reply Like
  • milehr
    , contributor
    Comments (682) | Send Message
    There are ways for CLWR to unlock itself from S.
    16 Apr 2013, 05:54 PM Reply Like
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