News Breaks |
|
|
| February 1, 2013 |
| 06:35 EDT |  | CLWR, S, DISH | Clearwire files preliminary proxy statement, says to evaluate proposals
Clearwire (CLWR) has filed a preliminary proxy statement in connection with its definitive agreement with Sprint Nextel Corporation (S) for Sprint to acquire the approximately 50% stake in Clearwire that it does not already own for $2.97 per share. The background section of the proxy statement describes the Company's extensive review of strategic alternatives to maximize stockholder value over the past few years. connection with the Sprint Agreement, Clearwire and Sprint also entered into agreements that provide up to $800M of additional financing to Clearwire in the form of exchangeable notes, which will be exchangeable under certain conditions for Clearwire common stock at $1.50 per share, subject to adjustment under certain conditions. As previously disclosed on January 8, 2013, Clearwire did not take the initial draw under the Sprint Financing Agreements as DISH (DISH) indicated that its preliminary proposal would be withdrawn were Clearwire to draw on the financing. In order to allow the Special Committee to continue to evaluate the DISH Proposal, at the direction of the Special Committee, Clearwire has not taken the February $80 million draw. The Special Committee has not made any determination with respect to any future draws under the Sprint Financing Arrangements. The Special Committee will, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, continue to evaluate the DISH Proposal and engage in discussions with each of DISH and Sprint, as appropriate. The Special Committee has not made any determination to change its recommendation of the current Sprint transaction. The Special Committee and Clearwire will pursue the course of action that it believes is in the best interests of Clearwire's non-Sprint Class A stockholders. Neither Clearwire nor the Special Committee has any further comment on this matter at this time. |
|
|
News For CLWR;S;DISH From The Last 14 Days Check below for free stories on CLWR;S;DISH the last two weeks. |
|
|
| May 21, 2013 |
| 13:43 EDT |  | CLWR, S | Clearwire reschedules special shareholder meeting
 Subscribe for More Information |
|
| 13:36 EDT | | CLWR, S | Clearwire holder Crest Financial protest company's delay of vote on merger
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), protested the decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's (S) increased offer price of $3.40 per share. Crest said that it has sent a letter to the Clearwire Board of Directors urging them to resist Sprint's new offer so that Clearwire can pursue direct offers through a competitive process once the bidding war over Sprint is concluded. Crest's letter to the Clearwire Board said, "Sprint's new offer for Clearwire still significantly undervalues Clearwire and its assets and provides no protections to minority stockholders." |
|
| 12:11 EDT |  | CLWR | Follow-up: Clearwire upgraded to Market Perform from Sell at Janco
Subscribe for More Information |
|
| 12:08 EDT | | CLWR | Clearwire upgraded to Market Perform from Sell at Janco
|
|
| 10:24 EDT |  | CLWR | Sprint, Clearwire deal likely gets done, says Wells Fargo
Wells Fargo believes Sprint's (S) raised offer for Clearwire (CLWR) is likely enough to get the deal approved by shareholders. Wells has an Outperform rating on Sprint and Market Perform rating on Clearwire. |
|
| 09:48 EDT | | CLWR | Clearwire resumes trading, up 3.7% to $3.38
Subscribe for More Information |
|
| 09:32 EDT | | S, CLWR | Clearwire to resume trading at 9:45 am ET
Subscribe for More Information |
|
| 09:23 EDT | | S, CLWR | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. |
|
| 09:22 EDT | | S, CLWR | Clearwire receives increase offer from Sprint
Subscribe for More Information |
|
| 09:03 EDT | | CLWR, S | Sprint increases offer for Clearwire to $3.40 per share from $2.97
Subscribe for More Information |
| |
| 09:01 EDT | | CLWR, S | Sprint increases offer for Clearwire to $3.40 per share
Subscribe for More Information |
|
| 08:57 EDT | | CLWR, S | Sprint to raise bid for Clearwire above $2.97 prior offer, DJ says
Subscribe for More Information |
|
| 08:55 EDT | | CLWR | Clearwire trading halted, pending news
Subscribe for More Information |
|
| 06:03 EDT |  | CLWR, S | Clearwire to postpone today's vote on Sprint deal, NY Post reports
Clearwire (CLWR) will postpone today's shareholder vote on Sprint's (S) $2.97 per share takeover offer, New York Post reports. Reference Link |
|
| 05:40 EDT | | DISH, S | Softbank confirms waiver, expects Sprint deal to close in six weeks
Subscribe for More Information |
|
| 05:31 EDT | | DISH, S | DISH, Sprint to engage in talks
Subscribe for More Information |
|
| 05:23 EDT | | DISH, S | Sprint provides transaction update
Subscribe for More Information |
|
| May 20, 2013 |
| 16:01 EDT | | DISH | DISH offered $2B to purchase spectrum from LightSquared, Bloomberg says
Subscribe for More Information |
|
| 15:42 EDT | | DISH | DISH offers $2B to LightSquared for spectrum, Bloomberg says
Subscribe for More Information |
|
| 13:29 EDT |  | S | Options with increasing implied volatility: UNXL NCT LYV CPRT S
|
| |
|
|
|
|
