(Reuters) - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.
(Adds Sprint Nextel , Dish Network, DBS Group, France Telecom, Natixis, Alere Inc, EDF and others)
Clearwire ( CLWR +4% ) reschedules its special shareholder meeting to May 31, so as to give investors time to weigh Sprint ' s ( S ) new $3.40/share offer . Crest Financial says it still isn't satisfied , arguing Clearwire's spectrum deserves
May 21 (Reuters) - Major Clearwire Corp shareholder Crest Financial on Tuesday said it was opposed to Sprint Nextel Corp ' s newly raised bid for the company.
May 21 (Reuters) - Sprint Nextel Corp said on Tuesday it raised its buyout offer for wireless service provider Clearwire Corp 14 percent to $3.40 per share, just hours before shareholders were set to vote on the company's original offer.
Dish Network ( DISH ) can talk to Sprint ( S ) and look at its books after Softbank ( SFTBF.PK ) agreed to a waiver. Softbank thinks its offer to buy the company is superior
As we had expected, Sprint S raised its bid for Clearwire CLWR to $3.40 per share, 14% higher ..... bidding for all of Sprint, DISH isn't in a position to counter Sprint ' s latest Clearwire offer. As a result, we expect Sprint will succeed
TOKYO (Reuters) - Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.
May 20 (Reuters) - Sprint Nextel said it has received from SoftBank Corp a waiver of various provisions of their merger agreement, permitting it to engage in discussions with Dish Network Corp.
even though the FCC hasn't yet approved its use due to GPS interference concerns , Bloomberg reports. The report comes with Sprint ( S ) and Clearwire ( CLWR ) continuing to play hard-to-get in the wake of Dish's offers for the companies, and a day before