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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 19, 2013 | | 16:26 EDT |  | S | On The Fly: Closing Wrap
 Subscribe for More Information | | | 12:09 EDT | | S | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:06 EDT |  | S | Options with decreasing implied volatility: DISH VRTX SUPN S
Subscribe for More Information | | | 10:25 EDT |  | S | Sprint shares worth $7.51 under SoftBank deal, says Janco
Janco calculates that current Sprint shareholders will receive $7.51 per share upon the closing of the deal with SoftBank, which the firm expects to happen on Tuesday, June 25. The firm views upside to $7.51 from current levels as attractive and keeps a Buy rating on Sprint shares. | | | 10:01 EDT |  | S | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 09:24 EDT |  | S | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:44 EDT | | S | Sprint acquisition by SoftBank likely to be approved, says Wells Fargo
Subscribe for More Information | | | 08:05 EDT | | S | Sprint down 3% to $7.10 after DISH ends takeover pursuit
Subscribe for More Information | | | 07:59 EDT | | S | Sprint downgraded at Macquarie
As previously reported, Macquarie downgraded Sprint to Neutral from Outperform. The firm recommends taking profits and believes the company is entering a period of heavy investment. Price target is $8. | | | 07:13 EDT |  | S | Telecom industry looks to grow through acquisition, Bloomberg reports
Global telecommunications companies are chasing after deals from Kansas to Munich in a quest for revenue growth that could lead to the biggest year for mergers in the industry since at least 2006, reports Bloomberg. Over $80B in telecommunications and cable transactions have already been announced or completed this year Reference Link | | | | 07:11 EDT | | S | Softbank moves closer to acquiring Sprint, Reuters reports
Subscribe for More Information | | | 06:26 EDT | | S | Sprint downgraded to Neutral from Outperform at Macquarie
Subscribe for More Information | | | 06:08 EDT | | S | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 18, 2013 | | 18:36 EDT | | S, CLWR | DISH issues update on Sprint proposal
Subscribe for More Information | | | 11:30 EDT | | CLWR, S | DISH issues statement on Sprint complaint
DISH Network (DISH) issued the following statement in response to Sprint Nextel's (S) June 17 allegations against DISH and Clearwire (CLWR): “Sprint’s lawsuit is a transparent attempt to divert attention from its failure to deal fairly with Clearwire’s shareholders, as well as to exploit its majority position to block Clearwire’s shareholders from receiving a fair price for their shares. DISH is confident that its superior offer, which has been unanimously recommended by the Clearwire Board, including the majority appointed by Sprint, will be upheld and Clearwire shareholders will be free to realize the 29 percent premium represented by the DISH offer.” | | | 05:55 EDT | | S | Stocks with implied volatility movement; S KNDI
Stocks with implied volatility movement; Sprint (S), Kandi Technologies (KNDI) according to IVolatility. | | | June 17, 2013 | | 19:19 EDT | | CLWR, S | Sprint files suit against DISH, Clearwire over tender offer
Sprint (S) announced that it has filed a complaint in the Delaware Court of Chancery against DISH Network (DISH) and Clearwire (CLWR) asking the court to prevent the consummation of the DISH tender offer for Clearwire. Sprint believes the transaction violates Delaware law and the rights of both Sprint and Clearwire’s other strategic investors under Clearwire’s charter and under the equity hHolders agreement. In addition to seeking to enjoin the tender offer, Sprint’s lawsuit seeks to rescind certain parts of the tender offer agreement and seeks declaratory, injunctive, compensatory and other relief. | | | 17:31 EDT | | CLWR | DISH says HSR waiting period for Clearwire tender offer expires
Subscribe for More Information | | | 11:18 EDT | | S | Samsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link | | | 05:49 EDT | | CLWR | Stocks with implied volatility movement; MYGN CLWR
Stocks with implied volatility movement; Myriad Genetics (MYGN), Clearwire (CLWR) according to IVolatility. | | | | June 14, 2013 | | 10:31 EDT | | S | Sprint issues statement in response to White House broadband initiatives
Subscribe for More Information | | | 09:55 EDT | | S | T-Mobile confirmed by Softbank as 'Plan B' if Sprint bid fails, Bloomberg says
Subscribe for More Information | | | 07:15 EDT | | S | NSA data not collected directly from Verizon Wireless, T-Mobile, WSJ says
Because of their foreign ownership ties, Verizon Wireless (VZ, VOD) and T-Mobile USA (TMUS, DTEGY) do not have data on their calls collected directly by the National Security Agency, according to The Wall Street Journal, citing people familiar with the matter. The Journal's sources said the other two nationwide carriers, AT&T (T) and Sprint (S), have long cooperated with the government and officials believe they can still capture information on 99% of U.S. phone traffic because nearly all calls eventually travel over the networks owned by other cooperating companies. Reference Link | | | 07:13 EDT | | S, CLWR | ISS wants Clearwire shareholders to reject Sprint deal, Reuters reports
Subscribe for More Information | | | 06:08 EDT | | S, CLWR | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The strong Q1 corporate profits may not be as good as they look, according to an analysis by the Wall Street Journal that shows that the extension of a big tax credit quietly boosted the profits of dozens of companies...Many investors have lowered their expectations for future inflation, a shift that could get the attention of Fed officials as they consider the course of their bond-buying program at a policy meeting next week. The Fed has a 2% inflation goal and doesn't want consumer prices to veer too much above or below that number over time, the Wall Street Journal reports...REUTERS: Proxy advisory firm Institutional Shareholder Services urged Clearwire (CLWR) shareholders to vote against majority shareholder Sprint Nextel’s (S) $3.40 per share offer for Clearwire stock it does not already own, Reuters reports...U.S. investment firm Royalty Pharma said it expects the majority of takeover target Elan's (ELN) shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday, Reuters reports...BLOOMBERG: Boeing (BA), coming back from the 787 Dreamliner’s three-month grounding, is moving closer to a further production increase that would reward investors by freeing up billions of dollars for dividends and buybacks, Bloomberg reports...Fiat (FIATY) and Chrysler Group CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, sources say, Bloomberg reports. | | | 06:06 EDT | | S | Dish's broken pledge complaint called 'nonsensical,' Bloomberg reports
Subscribe for More Information | | | June 13, 2013 | | 08:05 EDT |  | S, CLWR | Clearwire postpones special shareholder meeting
Subscribe for More Information | | | June 12, 2013 | | 19:09 EDT | | CLWR | On The Fly: After Hours Movers
Subscribe for More Information | | | 19:06 EDT | | CLWR, S | Sprint says evaluating statement from Clearwire board
Sprint (S) issued the following statement in response to Clearwire (CLWR) board of directors’ recommendation of the DISH (DISH) tender offer: “Sprint is evaluating today’s statement from Clearwire’s board and will review any corresponding filings before determining its next steps. Sprint continues to have every intention of enforcing its governance rights. All commercial agreements, including network and customer agreements, will be honored and enforced as it regards our ongoing relationship with Clearwire.” | | | 17:41 EDT | | CLWR, S | Clearwire committee, board recommend holders accept DISH's $4.40 p/s offer
Clearwire (CLWR) announced that its board of directors, based on the unanimous recommendation of the Special Committee consisting of independent, non-Sprint (S)-affiliated directors, has unanimously recommended that stockholders accept and tender into DISH Network's (DISH) cash tender offer to acquire all outstanding common shares of Clearwire at the previously announced price of $4.40 per share. The DISH tender offer has been amended and now is currently set to expire at 12:00 midnight, Eastern time, at the end of July 2, unless extended or terminated in accordance with the terms and conditions of the offer. The company's board of directors, also based on the unanimous recommendation of the Special Committee, also unanimously recommended that stockholders now vote against the $3.40 per share Sprint merger and related matters. The DISH tender offer is subject to various conditions, including the tender of more than 25% of the fully diluted voting stock in Clearwire and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. | | | | 17:16 EDT | | CLWR | DISH extends tender offer for Clearwire
DISH Network (DISH) announced that it has extended the expiration of the previously announced tender offer to acquire all of the outstanding shares of class A common stock of Clearwire (CLWR) for $4.40 per share until the end of the day on July 2. The offer was previously scheduled to expire at the end of the day on June 28. | | | 07:30 EDT | | S | ISS backs Softbank's raised offer for Sprint, Reuters says
Subscribe for More Information | | | 07:27 EDT | | S | The Linley Group to host a conference
Linley Tech Carrier Conference 2013 is being held in Santa Clara, California on June 12-13. | | | June 11, 2013 | | 17:19 EDT | | S | Sprint gives DISH June 18 deadline for 'best and final' offer
Subscribe for More Information | | | 16:21 EDT | | S | On The Fly: Closing Wrap
Stocks on Wall Street were lower after the Bank of Japan's decision to hold off on any further stimulus measures raised investor concern. The averages recovered much of their early losses in the morning, sitting just below the flat line near noon, but the selling intensified during the second half of the session, with the market trending lower into the close. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The dollar weakened considerably against the Yen, losing more than 2% to trade near the Y96 level. COMPANY NEWS: Sprint (S) shares jumped 17c, or 2.37%, to $7.35 after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among notable gainers was Questcor (QCOR), up $5.47, or 14.9%, to $42.18 after the company acquired the right to develop Synacthen from Novartis (NVS). Also higher was Catamaran (CTRX), up $5.33, or 10.95%, to $53.99 after the company struck a ten-year strategic pharmacy benefits agreement with Cigna (CI) and its stock received upgrades from at least three firms. Among noteworthy losers was lululemon (LULU), down $14.43, or 17.54%, to $67.85 after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. Also lower was GenMark Diagnostics (GNMK) which lost $1.96, or 12.95%, to $13.17, after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). INDICES: The Dow was down 116.57, or 0.76%, to 15,122.02; the Nasdaq was down 36.82, or 1.06%, to 3,436.95; and the S&P 500 was down 16.68, or 1.02%, to 1,626.13. | | | 15:14 EDT | | S, CLWR | Clearwire holder Crest calls for board to open 'competitive bidding process'
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), made public a letter to Clearwire's Board of Directors reiterating its view that DISH Network's (DISH) tender offer for all outstanding shares of Clearwire for $4.40 per share "is both actionable and superior in every way to Sprint Nextel Corporation's current offer of $3.40 per share." Crest noted that SoftBank's (SFTBF) increased bid for Sprint (S) confirms that SoftBank's desire for Clearwire's spectrum "has only increased." Crest urged the Clearwire Board to pursue a "direct, competitive bidding process for the Company." In order to pursue that process, Crest demanded that the Clearwire Board "reconstitute the Special Committee with truly independent directors, fully consider DISH's tender offer to the stockholders of Clearwire, and free the company from Sprint's grip by terminating the merger agreement following stockholders' rejection of the Sprint-Clearwire merger on Thursday." | | | 12:53 EDT | | S | DISH, Sprint talks stumble on breakup fee, Bloomberg says
Subscribe for More Information | | | 12:48 EDT | | S | Sprint, DISH talks falter on disagreement over break-up fee, Bloomberg says
Subscribe for More Information | | | 12:32 EDT | | S | On The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but well off their lows after the Bank of Japan held off from implementing any additional stimulus measures. The U.S. market followed Japan's benchmark stock index lower at the open, though the averages climbed back fairly steadily during the morning and stood near session highs just a bit below the flat line near noon. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The benchmark Nikkei fell about 1.5% as the decision disappointed investors who may have expected some action. COMPANY NEWS: Sprint (S) shares rose over 2% after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among the notable gainers was Catamaran (CTRX), which was upgraded by at least three Street firms and rose 11% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI). Also higher were shares of Questcor (QCOR), which jumped 19% after buying the rights to develop Synacthen from Novartis (NVS). Among the noteworthy losers was GenMark Diagnostics (GNMK), which fell 24% after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). Also lower were shares of yoga apparel maker lululemon (LULU), which fell 17% after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. INDICES: Near noon, the Dow was down 6.68, or 0.04%, to 15,231.91; the Nasdaq was down 11.21, or 0.32%, to 3,462.56; and the S&P 500 was down 4.89, or 0.30%, to 1,637.92. | | | 09:16 EDT | | CLWR, S | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. | | | | 08:16 EDT | | S | Sprint likely to accept new Softbank offer, says Oppenheimer
Subscribe for More Information | | | 05:21 EDT | | S | DISH statement in response to Sprint, Softbank announcement
Subscribe for More Information | | | June 10, 2013 | | 21:00 EDT | | S | Sprint says DISH proposal not likely to lead to superior offer
Subscribe for More Information | | | 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. | | | 20:01 EDT | | S | Softbank raises offer for Sprint to $21.6B from $20.1B, Bloomberg says
Subscribe for More Information | | | 12:54 EDT | | S | DISH issues statement on Sprint proposal
Subscribe for More Information | | | 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. | | | June 8, 2013 | | 15:49 EDT | | S | AT&T sacrifices profit margin for a half million more customers, WSJ says
Subscribe for More Information | | | June 7, 2013 | | 16:32 EDT | | S | Softbank in talks with Deutsche Telekom on deal, Reuters says
Subscribe for More Information | | | 15:33 EDT | | S | Softbank eying Deutsche Telekom stake in T-Mobile, Reuters reports
Subscribe for More Information | | | | 14:15 EDT | | S | Sprint says Mullen to serve as independent director after Softbank deal
Subscribe for More Information | | | 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. | | | 10:11 EDT | | S | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 06:59 EDT | | S | Sprint downgraded to Neutral from Buy at Nomura
Subscribe for More Information | | | 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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