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Clearwire Investor Sues Over Sprint Buyout

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

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.

Reuters »

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Comments

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timvideo

Apr 26, 2013, 6:49 PM

take the money

Take the money clearwire investors or watch your crappy investment go bankrupt. Theres already a couple pending law suites pending against clearwire's ponzy scheme.

Versed

I understand the concept of investors trying to get as much value as they can, but I agree this is upsurd. With the TMO merger, I was somewhat on the side of the MetroPCS shareholders trying to get more, they had a smaller but profitable company. Cl...
(continues)

Jarahawk

Poor Sprint. Nothing has gone well for them since the "Merger of Equals" I'm cheering for them though. I hope it all works out.

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