Clearwire’s special committee and its board of directors recommended that shareholders approve Sprint’s increased offer to buy the remaining half of the company. Sprint already owns about 50 percent of Clearwire. It upped its bid to purchase the remaining stake by 14 percent Tuesday, offering $3.40 per share. That offer values Clearwire at $10.7 billion. The sweetened bid from Sprint came on the day that Clearwire shareholders were supposed to vote on the previous proposal.
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Clearwire Board Gives Nod to Sweeter Sprint Bid
Posted by: Rachelle Dragani May 22, 2013 11:33 AMClearwire’s special committee and its board of directors recommended that shareholders approve Sprint’s increased offer to buy the remaining half of the company. Sprint already owns about 50 percent of Clearwire. It upped its bid to purchase the remaining stake by 14 percent Tuesday, offering $3.40 per share. That offer values Clearwire at $10.7 billion. The sweetened bid from Sprint came on the day that Clearwire shareholders were supposed to vote on the previous proposal.