Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > Sprint ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 20, 2013
Sprint Raises Bid For Clearwire


Sprint on Thursday raised its buyout offer for Clearwire Corp to $5 per share and announced support from shareholders. Sprint's improved offer is valuing Clearwire at approximately $14 billion.

This increased offer, which was the result of Clearwire shareholder pressure and a rival bid from Dish, represents a 47 percent premium to Sprint?s previous offer of $3.40 per share and a 285 percent premium to Clearwire's closing share price on Oct. 10, 2012, the day before the Sprint-SoftBank discussions were first confirmed in the marketplace and Clearwire was speculated to be a part of that transaction. This offer also represents a 14 percent premium to the $4.40 per share DISH tender offer.

Sprint has also received commitments from a group of significant Clearwire stockholders, including Mount Kellett Capital Management LP, Glenview Capital Management LLC, Chesapeake Partners Management Co., Inc. and Highside Capital Management LP, which collectively own approximately 9 percent of Clearwire's voting shares, to vote their shares in support of the transaction. These stockholders have also agreed to sell their shares to Sprint in the event the transaction does not close.

Together with the voting commitments previously received from Comcast Corp., Intel Corp and Bright House Networks LLC, who collectively own approximately 13 percent of Clearwire's voting shares, and Clearwire?s directors and officers, stockholders owning approximately 45 percent of the Clearwire voting shares not affiliated with Sprint, have now agreed to vote their shares in support of the transaction. Sprint expects a majority of the non-Sprint stockholders to support the Clearwire merger based on these agreements and the votes of shareholders with both Sprint and Clearwire shareholdings who have already voted in favor of the Sprint SoftBank transaction.


Previous
Next
Apple Prevails In Legal Battle Against Samsung in Tokyo        All News        Samsung Introduces New ATIV and Galaxy Products
Apple Prevails In Legal Battle Against Samsung in Tokyo     General Computing News      DRAM Market Matures, Says IHS

Get RSS feed Easy Print E-Mail this Message

Related News
Sprint Takes On AT&T, Verizon With Half-Price Promotion
AT&T, Sprint Start Offering the Nexus 6
Sprint To Cut More Jobs
Sprint Now Offer $20, 1GB Family Data Plan
Sharp AQUOS Crystal Now Available From Sprint
Verizon Sprint And T-Mobile Announce new iPhone Plans
Sprint Cuts Rates
Sprint Abandons T-Mobile bid, T-Mobile Rejects Iliad's Offer
Sprint Closer to T-Mobile Acquisition
Sprint Said to Plan T-Mobile Bid
Spotify In Partnership With Sprint
Sprint Expands No-Contract Plan Offers with Sprint Prepaid

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .