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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:10 EDTFCX, CLWRStocks with implied volatility below IV index mean; FCX CLWR
Stocks with implied volatility below IV index mean; Freeport McMoRan (FCX), Clearwire (CLWR) according to iVolatility.
News For FCX;CLWR From The Last 14 Days
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May 22, 2013
14:48 EDTCLWRClearwire holder Mount Kellett sees Sprint offer as still too low
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09:09 EDTCLWRClearwire 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 EDTCLWRClearwire reschedules special shareholder meeting
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13:36 EDTCLWRClearwire 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 EDTCLWRFollow-up: Clearwire upgraded to Market Perform from Sell at Janco
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12:08 EDTCLWRClearwire upgraded to Market Perform from Sell at Janco
10:24 EDTCLWRSprint, 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 EDTCLWRClearwire resumes trading, up 3.7% to $3.38
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09:32 EDTCLWRClearwire to resume trading at 9:45 am ET
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09:23 EDTCLWRClearwire 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 EDTCLWRClearwire receives increase offer from Sprint
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09:03 EDTCLWRSprint increases offer for Clearwire to $3.40 per share from $2.97
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09:01 EDTCLWRSprint increases offer for Clearwire to $3.40 per share
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08:57 EDTCLWRSprint to raise bid for Clearwire above $2.97 prior offer, DJ says
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08:55 EDTCLWRClearwire trading halted, pending news
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08:28 EDTFCXPlains Exploration announces special $3.00 dividend
The dividend is payable to stockholders as of May 30. The dividend is conditioned upon and will be paid immediately prior to or upon the competition of PXP's merger with Freeport-McMoRan (FCX). The merger is expected to close on May 31, subject to the satisfaction of all conditions to closing.
07:55 EDTFCXFreeport McMoRan revised offer should secure merger vote, says Cowen
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07:00 EDTFCXFreeport McMoRan added to short-term buy list at Deutsche Bank
06:03 EDTCLWRClearwire 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
14:15 EDTFCXPlains shareholders approve Freeport-McMoRan acquisition
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