(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.
* Shareholder hopes for a deal price range from $3.70 to $7
Clearwire ( CLWR +4% ) reschedules its special shareholder meeting to May 31, so as ..... share offer . Crest Financial says it still isn't satisfied , arguing Clearwire 's spectrum deserves a higher price tag. Shares are currently at
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.
(Corrects paragraph 12 to say the move requires no additional SoftBank funding, rather than Sprint funding)
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.
expected, Sprint S raised its bid for Clearwire CLWR to $3.40 per share, 14% higher ..... acquiesced to the demands of minority Clearwire shareholders to sweeten its offer ..... position to counter Sprint's latest Clearwire offer. As a result, we expect
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 Clearwire shareholders vote on a Sprint offer many think will
Sprint's ( S ) attempt to buy Clearwire ( CLWR +0.6% ) succeeds without a ..... Gleason, one of many institutional Clearwire investors planning to vote against ..... uncovered investors holding 31% of Clearwire 's public (non-Sprint-owned
Clearwire ( CLWR -3.1% ) slid further towards Sprint's ( S ) $2.97/share offer price after Egan-Jones joined fellow shareholder advisory