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Stock Market & Financial Investment News

News Breaks
May 23, 2013
19:45 EDTCLWR, SCrest reiterates opposition to Sprint-Clearwire merger
Crest Financial, the largest independent minority shareholder of Clearwire Corporation (CLWR) with approximately 8.25% of the Class A common stock of Clearwire, reiterated that it opposes the Sprint-Clearwire merger because it believes that Clearwire would be better off if it remained a stand-alone company. Sprint's (S) new offer of $3.40 in cash per share still significantly undervalues Clearwire - based on several measures -- and was devised by Sprint in a way that unfairly disadvantages minority stockholders, according to Crest. Crest noted that it has been joined in its opposition to the merger by a group of other large minority Clearwire stockholders led by Mount Kellett Capital Management LP who hold approximately 18.2% of the Class A common stock of Clearwire.
News For S;CLWR From The Last 14 Days
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July 31, 2015
06:50 EDTSComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 30, 2015
06:30 EDTSSoftBank's Arora: Still committed to turning Sprint around, WSJ reports
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July 29, 2015
11:06 EDTSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
July 23, 2015
07:22 EDTSSprint price target lowered to $3 from $4 at Jefferies
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