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Stock Market & Financial Investment News

News Breaks
December 13, 2012
06:19 EDTCLWR, SSprint proposes to acquire Clearwire for $2.90 per share
Sprint (S) disclosed that its board authorized management to proceed with discussions with Clearwire (CLWR) with the intent to attempt to reach a definitive agreement for a potential merger transaction. Sprint stated it understands that the board of Clearwire has formed a special committee that is reviewing the proposed transaction. Pursuant to the proposal, Sprint would acquire all of the shares of Clearwire common stock not already owned by the Sprint Entities at a purchase price of $2.90 per share. Sprint has proposed to provide interim financing to Clearwire from and after the execution of definitive documentation relating to the transaction in an amount up to $800M. Sprint has provided the proposal to SoftBank for its review. Under the terms of the Sprint proposal, each of Comcast, the BHN Entities and the Intel Entities would enter into a voting and support agreement with Clearwire with respect to the proposed transaction. Sprint estimates that, at the price per share set forth in the proposal, approximately $2.1B in cash will be required to acquire the remaining shares of Clearwire. Sprint anticipates that it will obtain such funds from working capital.
News For S;CLWR From The Last 14 Days
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April 24, 2015
09:02 EDTSSprint volatility at low end of historic range into Q3
Sprint overall option implied volatility of 44 compares to its 26-week average of 50 according to Track Data, suggesting decreasing price movement into the expected release of Q3 results on May 5.
April 23, 2015
14:20 EDTSEarnings Watch: Google up close to 8.5% since last earnings report
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10:05 EDTSSprint introduces Command Center 2.0 for enterprises
Sprint (S) announced it has launched its next-generation Command Center 2.0, which provides a centralized management platform across multiple technologies and simplifies the job of device management, in more than 200 countries. Sprint said its parent company, Softbank (SFTBF), not only supports the Command Center 2.0ís global extension but is also working with Sprint to use certain components of Command Center 2.0 for their customers.
April 22, 2015
13:37 EDTSGoogle introduces Project Fi, to partner with Sprint, T-Mobile
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06:01 EDTSGoogle could launch wireless service today, WSJ reports
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April 21, 2015
07:36 EDTSU.S. mobile cariers could be pressured from new data plans, WSJ says
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April 14, 2015
10:51 EDTSGoogle to sell mobile phone plans directly to customers, The Information reports
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link

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