Stock Market & Financial Investment News

News Breaks September 10, 2012 09:04 EDT ELNK, CLWR EarthLink and Clearwire announce wholesale 4G agreement Clearwire (CLWR) and EarthLink (ELNK) announced a wholesale agreement that will enable EarthLink to offer its customers high-speed fixed and mobile broadband service using Clearwire's 4G network. News For ELNK;CLWR From The Last 14 Days Check below for free stories on ELNK;CLWR the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent news | >> May 22, 2013 09:09 EDT CLWR Clearwire board recommends holders vote for increased offer from Sprint Clearwire (CLWR) announced that its Special Committee of the board have each approved the revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. The Special Committee of the board determined that the revised offer, when compared with other potential transactions reasonably available to the company at this time, is the most favorable potential transaction to the company's unaffiliated stockholders and that the terms of the revised offer are advisable, fair to and in the best interest of such stockholders. The Clearwire board recommends that stockholders vote their shares FOR all of the proposals relating to the transaction with Sprint by returning the WHITE proxy card with a "FOR" vote for all proposals. May 21, 2013 13:43 EDT CLWR Clearwire reschedules special shareholder meeting Subscribe for More Information 13:36 EDT CLWR 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 CLWR Clearwire to resume trading at 9:45 am ET Subscribe for More Information 09:23 EDT 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 CLWR Clearwire receives increase offer from Sprint Subscribe for More Information 09:03 EDT CLWR Sprint increases offer for Clearwire to $3.40 per share from $2.97 Subscribe for More Information 09:01 EDT CLWR Sprint increases offer for Clearwire to $3.40 per share Subscribe for More Information 08:57 EDT CLWR 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 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 May 20, 2013 10:55 EDT CLWR Crest asks Clearwire holders to wait until control of Sprint resolved for action Subscribe for More Information 07:38 EDT ELNK Stifel Nicolaus to host a conference Subscribe for More Information May 17, 2013 07:46 EDT CLWR Clearwire investors to force Sprint to up bid, Reuters reports Subscribe for More Information May 13, 2013 09:50 EDT CLWR Clearwire sends letter urging stockholders to vote 'for' proposed Sprint transaction Subscribe for More Information May 10, 2013 17:16 EDT CLWR Crest 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. 1 | 2 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.