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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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September 30, 2014
07:53 EDTSAnalysts see AT&T with early lead over Verizon in connected cars, Reuters says
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September 29, 2014
12:18 EDTSOn The Fly: Midday Wrap
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10:32 EDTSDreamWorks jumps after report of Softbank takeover talks
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September 26, 2014
05:50 EDTSStocks with implied volatility movement; TMUS S
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September 24, 2014
09:17 EDTDISHComcast accuses TWC deal opponents of extortion, Re/code reports
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September 19, 2014
07:36 EDTSSprint price target cut to $8-$10 from $11-$11.75 at Wells Fargo
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September 17, 2014
15:50 EDTDISHDISH, DirecTV support committee passage of STAVRA legislation
DIRECTV (DTV) and DISH (DISH) issued the following statement regarding the passage of the Satellite Television Access and Viewer Rights Act, or STAVRA, out of the Senate Committee on Commerce, Science, & Transportation: "We thank Chairman Rockefeller, Ranking Member Thune and the rest of the Senate Commerce Committee for passing bipartisan legislation that makes important reforms to the outdated laws governing today’s video market, while ensuring continuity of service to more than 1.5M distant signal subscribers who would, otherwise, lose service at the end of this year. We look forward to working with Congressional leadership to see this reauthorization swiftly passed into law, and also look forward to continuing the important discussion regarding retransmission consent reform, and in particular protecting consumers from local channel blackouts.”
12:53 EDTSSprint management to meet with Jefferies
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September 16, 2014
07:05 EDTDISHDISH, Scripps expand programming, digital rights in deal renewal
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