Home › News ›

Clearwire Investor Escalates Battle with Sprint

Apr 11, 2013, 7:39 AM by Eric M. Zeman

Crest Financial, an investor that opposes Sprint's proposed take-over of Clearwire, took firmer steps towards preventing the deal from taking place. Crest filed a preliminary proxy statement with the Securities and Exchange Commission that will be used to urge Clearwire stockholders to reject the proposed merger. Crest has argued for months that Sprint's offer significantly undervalues Clearwire's worth. Sprint initially offered $2.91 per share, but later raised its offer to $2.97 per share. Sprint's maximum offer was limited by Softbank, the Japanese carrier that is in the process of acquiring a 70% s take in Sprint.

Proxy (PDF) »

Related

T-Mobile Rolling Out New Icon to Differentiate Fast 5G from Regular 5G

Sep 15, 2021
T-Mobile phones will soon display a new icon in the status bar to indicate when they are connected to 5G in a higher frequency band that offers faster data speeds. The icon will appear first on the newest iPhones, and the company is working with phone makers "to include this update on as many devices as possible".

Samsung Galaxy A53 Coming to US in Two Weeks

Mar 17, 2022
Samsung today fleshed out more of its 2022 lineup of affordable Galaxy A-series phones. The new Galaxy A73, A53, and A33 are nearly identical in design and features, differing only in a few display and camera specs.

Google Releases Pixel Feature Drop

Jun 8, 2021
Google today released its June security update for Pixel phones, which this month brings several new features along for the ride. When using the Night Sight camera mode to take long-exposure photos of the night sky (astrophotography), a Pixel phone will now record a short video along with the photo, showing the stars in motion.

Verizon Signs $8.3 Billion Deal to Expand 5G Network

Jul 16, 2021
Verizon has entered into a multi-year, $8.3 billion deal with Ericsson to expand Verizon's 5G network. The deal covers new mid-band coverage in the C band, as well as continued build-out of existing low-band and mmWave networks.

Dish Turns to AT&T as New MVNO Partner

Jul 19, 2021
Dish has struck a 10-year deal to use AT&T's network to provide service for Dish's mobile customers. Dish's mobile brands include Boost Mobile, Ting, and Republic Wireless.

more news about:

Comments

This forum is closed.

This forum is closed.

bobc74

Apr 11, 2013, 6:26 PM

Wouldn't it be funny

if this Crest financial group is success at preventing Sprint's bid. The next logical step would be for Sprint to pull all it's financial support, which will probably lead to Clearwire's bankruptcy. Then Sprint can swoop in and pay even less for Clearwire in bankruptcy court!

freek1989

true but people greed wont let them see thier path 😈 😈 😉

marufio

Sprints always involved in some kind of mess.

...

Page 1 of 1