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Stock Market & Financial Investment News

News Breaks
March 20, 2013
11:40 EDTCLWR, SClearwire shareholder hires proxy firm to oppose Sprint deal, All Things D says
Clearwire (CLWR) shareholder Crest Financial said that it had hired a proxy firm to help it oppose Sprint's (S) takeover of Clearwire, according to All Things D. Crest owns a 3.9% stake in the broadband network operator, the website noted. Reference Link
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May 21, 2013
06:03 EDTCLWR, SClearwire 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 EDTSSoftbank confirms waiver, expects Sprint deal to close in six weeks
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05:31 EDTSDISH, Sprint to engage in talks
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05:23 EDTSSprint provides transaction update
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May 20, 2013
13:29 EDTSOptions with increasing implied volatility: UNXL NCT LYV CPRT S
10:55 EDTS, CLWRCrest asks Clearwire holders to wait until control of Sprint resolved for action
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10:20 EDTSSprint acquires Handmark and subsidiary OneLouder Apps
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May 17, 2013
11:01 EDTSU.S. Cellular declares $5.75 per share special dividend
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07:46 EDTCLWR, SClearwire investors to force Sprint to up bid, Reuters reports
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May 16, 2013
19:11 EDTSDish sends letter to FCC over SoftBank, Sprint deal, Reuters says
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May 15, 2013
17:36 EDTSPaulson gives quarterly update on stakes
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May 14, 2013
09:44 EDTSSprint says will launch BlackBerry Q10 in U.S. in late Summer
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08:31 EDTSDISH announces $2.5B debt offering, to be used to partially fund Sprint bid
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05:44 EDTSBanks work deals from both sides of the field, WSJ reports
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May 13, 2013
09:50 EDTCLWR, SClearwire sends letter urging stockholders to vote 'for' proposed Sprint transaction
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08:24 EDTSSoftbank pressuring potential Dish investment banks, FT reports
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May 11, 2013
13:39 EDTSSoftbank says Dish-Sprint deal poor match, Bloomberg reports
The CEO of SoftBank (SFTBF) Masayoshi Son criticized the concept of Dish Network's (DISH) offer to buy Sprint Nextel (S), saying the satellite company would be a poor fit for a wireless carrier, while the synergies of a SoftBank-Sprint deal will result in significant cost savings. Reference Link
May 10, 2013
17:16 EDTS, CLWRCrest Financial takes first step to perfect appraisal rights of Clearwire shares
Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire (CLWR), has told its brokerage firms to take all necessary steps to perfect Crest's rights under Section 262 of the Delaware General Corporation Law to seek appraisal for the common stock of Clearwire that it beneficially owns. The Delaware law permits Clearwire shareholders electing to exercise their appraisal rights to ask the Delaware Court of Chancery to determine the fair value of their Clearwire common stock if the Sprint (S)-Clearwire merger is consummated and certain other conditions are satisfied. The law states that a Clearwire stockholder that votes FOR the Sprint-Clearwire merger cannot elect to exercise its appraisal rights. Crest has long argued that the price Sprint Nextel is offering to pay Clearwire stockholders for their shares is highly inadequate, that the merger was structured in a way that unfairly disadvantages minority stockholders and that Clearwire would be better off if it remained a stand-alone company. Crest also commended Glass, Lewis & Co., a leading proxy advisory firm, for its recommendation urging that Clearwire stockholders vote against the proposed merger with Sprint. Crest said is strongly disagreed with the view of ISS that the Sprint-Clearwire merger should succeed.
12:17 EDTS, CLWRISS recommends Clearwire holders vote 'FOR' proposed transaction with Sprint
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09:23 EDTS, CLWRSprint says ISS recommends Clearwire shareholders vote in favor of merger
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