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  • It would be "an absolute outrage" for Clearwire (CLWR -0.8%) to be sold at Sprint's (S -0.8%) $2.90/share offer price, declares 3.6% activist Clearwire owner Mount Kellett in a letter to the board. To further demonstrate its commitment to fighting for a higher bid, Mount Kellett assigns Clearwire a value of $6.30/share based on some back-of-the-envelope math that values the carrier's spectrum at $18B. Fellow activist investor Crest Financial is also intent on receiving a higher offer. (earlier) (Nov. letter[View news story]
    Clear is worth what Sprint is willing to pay. With the stock trading at or below a dollar in the last year and no other suitors knocking on their door, the phrase 'you are worth what someone is willing to pay' comes to mind. Or go bankrupt and you shares are worth zero.
    Dec 14 03:02 PM | 1 Like Like |Link to Comment
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