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Stock Market & Financial Investment News

News Breaks
December 17, 2012
07:02 EDTCMCSK, CLWR, CMCSA, S, INTCSprint to acquire 100% ownership of Clearwire shares for $2.97 per share
Sprint (S) has entered into a definitive agreement to acquire the approximately 50% stake in Clearwire (CLWR) it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2B. This transaction results in a total Clearwire enterprise value of approximately $10B, including net debt and spectrum lease obligations of $5.5B. The transaction was unanimously approved by Clearwire’s board of directors upon the unanimous recommendation of a special committee of the Clearwire board consisting of disinterested directors not appointed by Sprint. In addition, Clearwire has received commitments from Comcast (CMCSA), Intel Corp (INTC) and Bright House Networks LLC, who collectively own approximately 13% of Clearwire’s voting shares, to vote their shares in support of the transaction. SoftBank has provided its consent to the transaction, as required under the terms of its recently announced merger agreement with Sprint. In connection with the transaction, Clearwire and Sprint have entered into agreements that provide up to $800M of additional financing for 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.
News For S;CLWR;INTC;CMCSA;CMCSK From The Last 14 Days
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February 23, 2015
08:46 EDTINTCIntel initiated with an Outperform at Exane BNP Paribas
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08:33 EDTCMCSA'Fifty Shades' ticket sales retain top spot at box office, Reuters says
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07:38 EDTCMCSAComcast, AT&T deals could be delayed by document access case, WSJ says
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February 20, 2015
12:02 EDTCMCSAComcast management to meet with Jefferies
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07:18 EDTCMCSAComcast volatility elevated into Q4 and outlook
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06:49 EDTCMCSAMSNBC cancels two talk shows, Politico says
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February 19, 2015
10:57 EDTSSprint commences $1B senior notes offering
Sprint announced that it has commenced an underwritten public offering of $1B aggregate principal amount of notes. Sprint intends to use the net proceeds for "general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernization." The joint book-running managers for the offering are Citigroup, Goldman Sachs, .J.P. Morgan Securities, Merrill Lynch, Barclays, Credit Agricole, Credit Suisse, Deutsche Bank, Mitsubishi UFJ, Mizuho, RBC Capital, Scotia Capital and SMBC Nikko Securities.
10:52 EDTSSprint files automatic mixed securities shelf
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07:30 EDTCMCSA, CMCSKNBC 'Nightly News' sees drop in ratings post-Brian Williams, WSJ says
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February 18, 2015
07:13 EDTCMCSANational Association of Regulatory Utility Commission to hold a meeting
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06:33 EDTCMCSAJAKKS Pacific signs licensing agreement for Universal Pictures franchise
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February 17, 2015
18:06 EDTSPaulson & Co gives quarterly update on stakes
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17:02 EDTINTCSoros Fund Management gives quarterly update on stakes
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13:18 EDTSOmega Advisors gives quarterly update on stakes
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12:56 EDTCMCSADecline of TV viewing accelerated, NY Post reports
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09:19 EDTINTCDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
07:22 EDTINTCMitsubishi UFJ to hold a tour
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07:15 EDTCMCSA, CMCSK'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
05:55 EDTINTCIntel to delay launch of 14nm Skylake desktop CPUs, DigiTimes reports
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February 16, 2015
19:13 EDTCMCSALiberty Global may become takeover target, NY Times says
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