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News For S;CLWR From The Last 14 Days Check below for free stories on S;CLWR the last two weeks. |
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| June 11, 2013 |
| 08:16 EDT |  | S | Sprint likely to accept new Softbank offer, says Oppenheimer
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| 05:21 EDT |  | S | DISH statement in response to Sprint, Softbank announcement
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| June 10, 2013 |
| 21:00 EDT | | S | Sprint says DISH proposal not likely to lead to superior offer
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| 20:57 EDT | | S | Sprint, SoftBank amend merger agreement, cash for Sprint holders now $5.50/share
Sprint Nextel (S) and SoftBank (SFTBF) announced that they have amended the previously announced merger agreement between the two companies to deliver greater cash consideration and increased certainty to Sprint stockholders. Sprint’s special committee and board of directors have unanimously approved the amended agreement and have unanimously recommended to stockholders to vote FOR the revised SoftBank transaction. Sprint and SoftBank anticipate closing the SoftBank transaction in early July. Under the amended agreement, SoftBank will deliver an additional $4.5B of cash to Sprint stockholders at closing, bringing the total cash consideration available to Sprint stockholders to $16.64B. The cash available to stockholders has increased by $1.48 per share, from $4.02 to $5.50, based on the June 7 share count. The $4.5B of additional cash at closing will be funded by a reallocation of $3B of SoftBank’s previously proposed $4.9B primary investment in New Sprint and by $1.5B of incremental capital from SoftBank. The price at which SoftBank will acquire shares from current Sprint shareholders will be increased from $7.30 per share to $7.65 per share, a 52% premium to the unaffected trading price prior to announcement in October 2012. As part of the amended agreement, the pricing of SoftBank’s $1.9B primary investment will be increased by 19% from the previously agreed $5.25 per share to $6.25 per share. Pro forma for the transaction, the current Sprint stockholders’ resulting equity ownership in a new Sprint will be 22% while SoftBank will own approximately 78%. SoftBank will continue to invest $1.9B in new Sprint at closing, which in addition to the $3.1B convertible debt investment made by SoftBank in October 2012, brings SoftBank’s total investment in Sprint to $5B. |
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| 20:01 EDT | | S | Softbank raises offer for Sprint to $21.6B from $20.1B, Bloomberg says
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| 12:54 EDT | | S | DISH issues statement on Sprint proposal
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| 06:21 EDT |  | CLWR | Stocks with implied volatility movement; SLV CLWR
Stocks with implied volatility movement; iShares Silver Trust (SLV), Clearwire (CLWR) according to IVolatility. |
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| June 8, 2013 |
| 15:49 EDT |  | S | AT&T sacrifices profit margin for a half million more customers, WSJ says
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| June 7, 2013 |
| 16:32 EDT | | S | Softbank in talks with Deutsche Telekom on deal, Reuters says
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| 15:33 EDT | | S | Softbank eying Deutsche Telekom stake in T-Mobile, Reuters reports
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| 14:15 EDT | | S | Sprint says Mullen to serve as independent director after Softbank deal
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| 14:08 EDT | | S | Sprint in talks with DISH, says Softbank deal to be consummated in July
Sprint (S) and Softbank (SFTBF) are parties to the previously disclosed agreement and plan of merger, dated as of October 15, 2012. Consummation of the Sprint-Softbank merger remains subject to various conditions to closing, including receipt of approval of the FCC and adoption of the merger agreement by Sprint's stockholders. Sprint and Softbank anticipate the merger will be consummated in July, subject to the remaining closing conditions and the effect of the actions of the special committee of Sprint's board of directors, which is currently in discussions and negotiations with DISH Network (DISH) regarding the unsolicited proposal received from DISH in April or other developments with respect to such proposal. Sprint’s board of directors recommends its stockholders vote in favor of the transaction with Softbank. |
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| 10:11 EDT |  | S | On The Fly: Analyst Downgrade Summary
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| 06:59 EDT | | S | Sprint downgraded to Neutral from Buy at Nomura
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| June 6, 2013 |
| 07:41 EDT | | S | Touchscreen BlackBerry A10 to launch in November, CNET says
BlackBerry's (BBRY) all-touchscreen A10 is scheduled to launch in November, according to CNET. Sprint (S) has already committed to selling the next flagship smartphone, the report noted. Reference Link |
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