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News For CLWR;DISH;S From The Last 14 Days Check below for free stories on CLWR;DISH;S the last two weeks. |
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| June 17, 2013 | | 19:19 EDT |  | S, DISH, CLWR | Sprint files suit against DISH, Clearwire over tender offer
Sprint (S) announced that it has filed a complaint in the Delaware Court of Chancery against DISH Network (DISH) and Clearwire (CLWR) asking the court to prevent the consummation of the DISH tender offer for Clearwire. Sprint believes the transaction violates Delaware law and the rights of both Sprint and Clearwire’s other strategic investors under Clearwire’s charter and under the equity hHolders agreement. In addition to seeking to enjoin the tender offer, Sprint’s lawsuit seeks to rescind certain parts of the tender offer agreement and seeks declaratory, injunctive, compensatory and other relief. | | | 17:31 EDT | | DISH, CLWR | DISH says HSR waiting period for Clearwire tender offer expires
 Subscribe for More Information | | | 11:18 EDT |  | S | Samsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link | | | 05:49 EDT |  | CLWR | Stocks with implied volatility movement; MYGN CLWR
Stocks with implied volatility movement; Myriad Genetics (MYGN), Clearwire (CLWR) according to IVolatility. | | | June 14, 2013 | | 10:31 EDT | | S | Sprint issues statement in response to White House broadband initiatives
Subscribe for More Information | | | 09:55 EDT | | S | T-Mobile confirmed by Softbank as 'Plan B' if Sprint bid fails, Bloomberg says
Subscribe for More Information | | | 07:15 EDT | | S | NSA data not collected directly from Verizon Wireless, T-Mobile, WSJ says
Because of their foreign ownership ties, Verizon Wireless (VZ, VOD) and T-Mobile USA (TMUS, DTEGY) do not have data on their calls collected directly by the National Security Agency, according to The Wall Street Journal, citing people familiar with the matter. The Journal's sources said the other two nationwide carriers, AT&T (T) and Sprint (S), have long cooperated with the government and officials believe they can still capture information on 99% of U.S. phone traffic because nearly all calls eventually travel over the networks owned by other cooperating companies. Reference Link | | | 07:13 EDT | | S, CLWR | ISS wants Clearwire shareholders to reject Sprint deal, Reuters reports
Subscribe for More Information | | | 06:08 EDT | | CLWR, S | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The strong Q1 corporate profits may not be as good as they look, according to an analysis by the Wall Street Journal that shows that the extension of a big tax credit quietly boosted the profits of dozens of companies...Many investors have lowered their expectations for future inflation, a shift that could get the attention of Fed officials as they consider the course of their bond-buying program at a policy meeting next week. The Fed has a 2% inflation goal and doesn't want consumer prices to veer too much above or below that number over time, the Wall Street Journal reports...REUTERS: Proxy advisory firm Institutional Shareholder Services urged Clearwire (CLWR) shareholders to vote against majority shareholder Sprint Nextel’s (S) $3.40 per share offer for Clearwire stock it does not already own, Reuters reports...U.S. investment firm Royalty Pharma said it expects the majority of takeover target Elan's (ELN) shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday, Reuters reports...BLOOMBERG: Boeing (BA), coming back from the 787 Dreamliner’s three-month grounding, is moving closer to a further production increase that would reward investors by freeing up billions of dollars for dividends and buybacks, Bloomberg reports...Fiat (FIATY) and Chrysler Group CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, sources say, Bloomberg reports. | | | 06:06 EDT | | S, DISH | Dish's broken pledge complaint called 'nonsensical,' Bloomberg reports
Subscribe for More Information | | | | June 13, 2013 | | 08:05 EDT |  | CLWR, S | Clearwire postpones special shareholder meeting
Subscribe for More Information | | | 06:40 EDT | | DISH | Cable companies looking to derail Intel broadcast bid, NY Times says
Subscribe for More Information | | | June 12, 2013 | | 19:09 EDT | | DISH, CLWR | On The Fly: After Hours Movers
Subscribe for More Information | | | 19:06 EDT | | CLWR, DISH, S | Sprint says evaluating statement from Clearwire board
Sprint (S) issued the following statement in response to Clearwire (CLWR) board of directors’ recommendation of the DISH (DISH) tender offer: “Sprint is evaluating today’s statement from Clearwire’s board and will review any corresponding filings before determining its next steps. Sprint continues to have every intention of enforcing its governance rights. All commercial agreements, including network and customer agreements, will be honored and enforced as it regards our ongoing relationship with Clearwire.” | | | 17:41 EDT | | S, CLWR, DISH | Clearwire committee, board recommend holders accept DISH's $4.40 p/s offer
Clearwire (CLWR) announced that its board of directors, based on the unanimous recommendation of the Special Committee consisting of independent, non-Sprint (S)-affiliated directors, has unanimously recommended that stockholders accept and tender into DISH Network's (DISH) cash tender offer to acquire all outstanding common shares of Clearwire at the previously announced price of $4.40 per share. The DISH tender offer has been amended and now is currently set to expire at 12:00 midnight, Eastern time, at the end of July 2, unless extended or terminated in accordance with the terms and conditions of the offer. The company's board of directors, also based on the unanimous recommendation of the Special Committee, also unanimously recommended that stockholders now vote against the $3.40 per share Sprint merger and related matters. The DISH tender offer is subject to various conditions, including the tender of more than 25% of the fully diluted voting stock in Clearwire and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. | | | 17:16 EDT | | DISH, CLWR | DISH extends tender offer for Clearwire
DISH Network (DISH) announced that it has extended the expiration of the previously announced tender offer to acquire all of the outstanding shares of class A common stock of Clearwire (CLWR) for $4.40 per share until the end of the day on July 2. The offer was previously scheduled to expire at the end of the day on June 28. | | | 07:30 EDT | | S, DISH | ISS backs Softbank's raised offer for Sprint, Reuters says
Subscribe for More Information | | | 07:27 EDT | | S | The Linley Group to host a conference
Linley Tech Carrier Conference 2013 is being held in Santa Clara, California on June 12-13. | | | June 11, 2013 | | 17:19 EDT | | S, DISH | Sprint gives DISH June 18 deadline for 'best and final' offer
Subscribe for More Information | | | 16:21 EDT |  | DISH, S | On The Fly: Closing Wrap
Stocks on Wall Street were lower after the Bank of Japan's decision to hold off on any further stimulus measures raised investor concern. The averages recovered much of their early losses in the morning, sitting just below the flat line near noon, but the selling intensified during the second half of the session, with the market trending lower into the close. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The dollar weakened considerably against the Yen, losing more than 2% to trade near the Y96 level. COMPANY NEWS: Sprint (S) shares jumped 17c, or 2.37%, to $7.35 after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among notable gainers was Questcor (QCOR), up $5.47, or 14.9%, to $42.18 after the company acquired the right to develop Synacthen from Novartis (NVS). Also higher was Catamaran (CTRX), up $5.33, or 10.95%, to $53.99 after the company struck a ten-year strategic pharmacy benefits agreement with Cigna (CI) and its stock received upgrades from at least three firms. Among noteworthy losers was lululemon (LULU), down $14.43, or 17.54%, to $67.85 after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. Also lower was GenMark Diagnostics (GNMK) which lost $1.96, or 12.95%, to $13.17, after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). INDICES: The Dow was down 116.57, or 0.76%, to 15,122.02; the Nasdaq was down 36.82, or 1.06%, to 3,436.95; and the S&P 500 was down 16.68, or 1.02%, to 1,626.13. | | |
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