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Clearwire Investor Sues Over Sprint Buyout

Article Comments  6  

Apr 26, 2013, 4:45 PM   by Eric M. Zeman   @phonescooper
updated Apr 27, 2013, 8:06 AM

Updated: typo

Aurelius Capital has thrown its hat in the ring with Crest Financial in opposing Sprint's proposed buyout of Clearwire. Aurelius alleges that Sprint and Clearwire's boards of directors violated their legal obligations to obtain the best possible deal for Clearwire's minor shareholders. The company accused Sprint of dictating "manifestly unfair" terms with its $2.97 per share offer. The lawsuit was filed in Delaware. It's unclear how or if Aurelius' lawsuit will affect the share holder vote scheduled for May 21.

more info at Reuters »



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take the money timvideo Apr 26, 2013, 6:49 PM
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