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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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May 28, 2015
06:24 EDTSSprint CEO expects to return carrier to No. 1 position, Re/code reports
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06:01 EDTSSprint CEO: Unlimited data may not be here to stay, Re/code reports
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May 27, 2015
16:03 EDTSOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
12:38 EDTSOptions with increasing volume
Options with increasing volume: PG CONN NQ S JNPR MNST ANF
May 20, 2015
18:51 EDTSSprint names Kevin Crull as Chief Marketing Officer
Kevin Crull will join Sprint as chief marketing officer effective May 31. Crull will report to President and CEO Marcelo Claure. Crull brings to Sprint 30 years of experience leading sales, marketing and operations teams. Most recently, Crull served nearly five years as COO and then president of Bell Media, Canada’s largest media and broadcasting company.
17:46 EDTSStandard General wins RadioShack brand, forced to destroy some customer data
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May 19, 2015
09:53 EDTSSprint expects Voice to be 'still important' as Data demands continues to grow
Expects that half of its plans will be financed while a third plus will be through leasing. The company says it has its eye on how those numbers change going forward. Cites successful financing through securitization and vendor financing. The company says it "feels good" about taking expenses and reinvesting on a smaller base for overall operation. Says the company is still working on getting its churn down. Comments made by CFO Joe Euteneuer at the JPMorgan Global Technology, Media and Telecom Conference.
07:36 EDTSAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
09:07 EDTSSprint extends availability of Direct 2 You service to Kansas City, Miami
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May 15, 2015
17:15 EDTSPaulson & Co. gives quarterly update on stakes
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