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Stock Market & Financial Investment News

News Breaks
January 16, 2013
13:35 EDTCLWR, S, DISHMount Kellett sends third letter to board of Clearwire
Mount Kellett Capital sent a letter to the Clearwire (CLWR) Board of Directors outlining issues related to, among other things, Clearwire's relationship with Sprint (S). "We have of course been carefully monitoring recent developments concerning Clearwire and its proposed acquisition by Sprint, including the company's announcement on that it had received an unsolicited proposal from DISH (DISH) to acquire Clearwire at a premium to the consideration offered by Sprint, to acquire certain of Clearwire's excess spectrum and to provide financing to Clearwire. The DISH proposal is further evidence of what has been clear to us for many weeks: The Special Committee, in breach of its fiduciary duties to the minority stockholders of Clearwire, utterly capitulated to Sprint's demand to sell the company at a grossly inadequate price; The Special Committee and the Board of Directors generally, in breach of their fiduciary duties and despite public assurances to the contrary, failed to conduct a vigorous process for the monetization of the company's excess spectrum. In light of these circumstances, it is incumbent on the Special Committee to take its time to thoroughly and thoughtfully evaluate the DISH proposal, including how to address certain obstacles to consummating the proposal asserted by Sprint and to negotiate for all possible improvements to the proposal."
News For CLWR;S;DISH From The Last 14 Days
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April 23, 2014
10:21 EDTSAT&T slumps after failing to raise profit guidance
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April 22, 2014
18:30 EDTDISHDISH to launch internet-TV service this summer, Bloomberg says
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18:01 EDTDISHDISH aims for late Summer to roll-out U.S. Internet TV service, Bloomberg says
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10:02 EDTSBofA/Merrill's telecom analysts hold an analyst/industry conference call
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07:25 EDTDISHNatural E Creative Group to hold a summit
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April 21, 2014
07:22 EDTSPossible Sprint, T-Mobile merger could spark U.S. auction rethink, Reuters says
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April 15, 2014
10:20 EDTDISHDirecTV to stop carrying WWE pay-per-views, PWTorch says
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April 14, 2014
09:10 EDTST-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTST-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
06:40 EDTSNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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April 13, 2014
16:57 EDTSSprint and Spotify plan to team up, Re/code says
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April 11, 2014
07:26 EDTDISHTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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