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Clearwire Delays Sprint Vote to Discuss Dish

May 31, 2013, 6:59 AM by Eric M. Zeman

Clearwire will not hold its planned shareholder vote today, which was to decide if the company would accept Sprint's proposed acquisition offer. The vote has already been rescheduled once. Sprint recently raised its bid for Clearwire from $2.97 per share to $3.40 pre share, an offer it called its "last and best" bid for the portion of the company that it does not already own. Dish Networks, however, raised its own bid for Clearwire this week to $4.40, representing a significant premium over Sprint's offer. Clearwire's board will evaluate Dish Neworks' proposal over the course of the next two weeks, but it has not yet changed its mind from recommending the Sprint deal. The vote has been rescheduled for June 13. Clearwire also said that it would not use the June $80 million draw per its financing agreement with Sprint, and will pay an interest payment due June 1 of $255 million.

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Jaden10

May 31, 2013, 8:11 AM

That makes NO SENSE!!

Yeah, let's let one financially hurting company buy an other financially hurting company and have one big financially hurting company. Dish doesn't even have the money, it has to borrow it. Yeah this makes a ton of sense.

Downscripting

Yes but if Dish buys Clear they are cashing out. They are buying it in just cash so Clear doesn't get stocks or anything out of it. So Dish may be hurt in the long run, but the share holders in Clear made out with as much money as possible and it's no...
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LibtardExposer

Oh well it's the American way of a Free market if the shareholders want more money then that is their right. It may be greed centered but that really doesn't matter if Dish Fails then someone else has a chance to take it over it's called show me the m...
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