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) has received an unsolicited
$3.30/share buyout offer
from Dish Network (
). That easily trumps Sprint's (
) $2.97/share offer. The proposal requires Clearwire sell Dish 24% of its spectrum for $2.2B and use the proceeds to pay down debt, as well as (with extra financing) agree to build a 4G network for Dish. Sprint has responded to the proposal by calling it "not viable ... in light of Clearwire's current legal and contractual obligations." Clearwire's board will "engage with Dish;" shares are halted. Sprint
View news story
Just BECAUSE Sprint owns the majority of CLWR.
That does NOT give them the right to STEAL the rest.
All this talk is making people realize how Valuable CLWR IS.
2.97 a share was a JOKE to begin with.
Jan 9, 2013. 12:44 AM
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