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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:30 EDTS, DISH, CLWRDISH proposal unlikely to break up Sprint deal, says Piper Jaffray
Piper Jaffray believes DISH Network's (DISH) proposal to acquire Clearwire (CLWR) for $3.30 per share is unlikely to break up Sprint's (S) agreement to acquire Clearwire. However, Piper says it is possible that Sprint could end up paying a little more for Clearwire.
News For S;DISH;CLWR From The Last 14 Days
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May 24, 2013
09:28 EDTDISH, SDISH looking to develop broadband service, says Wells Fargo
After DISH (DISH) agreed to develop a fixed-mobile broadband service with nTelos (NTLS), Wells Fargo does not believe that DISH is looking to build a network. Rather, the firm thinks that DISH is looking to build a broadband service that is likely to operate on Sprint's (S) spectrum. The firm views the nTelos deal positively as it gives DISH a head start in developing a broadband offering in case it acquires Sprint. The firm keeps an Outperform rating on Sprint.
07:10 EDTDISHDish and NTELOS sign letter of intent to pursue strategic relationship
DISH Network (DISH) and NTELOS (NTLS) announced that nTelos and a wholly-owned subsidiary of DISH have executed a Letter of Intent to pursue a strategic relationship to co-develop a fixed-mobile broadband service within nTelos's coverage territory serving Virginia, West Virginia and portions of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. Once complete, the service is expected to give nTelos and DISH customers, many of whom are located in underserved rural communities, access to reliable high-speed Internet, whether at home or on the go.
07:03 EDTDISHDISH, NTELOS sign Letter of Intent for strategic relationship
DISH Network (DISH) and NTELOS Holdings (NTLS) announced that nTelos and a wholly owned subsidiary of DISH have executed a Letter of Intent to pursue a strategic relationship to co-develop a fixed-mobile broadband service within nTelos’s coverage territory serving Virginia, West Virginia and portions of Maryland, North Carolina, Pennsylvania, Ohio and Kentucky. Once complete, the service is expected to give nTelos and DISH customers, many of whom are located in underserved rural communities, access to reliable high-speed Internet, whether at home or on the go.
05:55 EDTCLWRStocks with implied volatility movement; CLWR LIFE
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May 23, 2013
19:45 EDTS, CLWRCrest reiterates opposition to Sprint-Clearwire merger
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19:37 EDTDISH, SDISH secures $9B in financing for Sprint deal, WSJ reports
DISH (DISH) has received commitment letters from five banks, including Barclays (BCS) and Jefferies, for financing for its $25.5B bid for Sprint (S), reports The Wall Street Journal, citing people familiar with the matter. Reference Link
18:13 EDTS, DISHDish responds to Softbank claims in attempt to take control of Sprint
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15:29 EDTSSprint, Softbank say all necessary state regulatory approvals received
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08:09 EDTS, DISHDISH issues statement on SoftBank and CFIUS
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07:10 EDTDISH, SSoftBank would allow U.S. influence over Sprint operations, WSJ reports
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06:08 EDTDISH, SOn the Fly: Periodicals Wrap-Up
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May 22, 2013
15:43 EDTS, CLWRClearwire holder group sees Sprint offer as still too low
Clearwire (CLWR) shareholders Mount Kellett, Highside Capital, Glenview Capital and Chesapeake Partners, who collectively reported an 18.2% stake in Clearwire, stated in a regulatory filing that they continue to believe that the proposed price offered by Sprint (S) for Clearwire is too low.
14:06 EDTSGoogle’s X Phone confirmed for Sprint, BGR says
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09:09 EDTCLWR, SClearwire board recommends holders vote for increased offer from Sprint
Clearwire (CLWR) announced that its Special Committee of the board have each approved the revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. The Special Committee of the board determined that the revised offer, when compared with other potential transactions reasonably available to the company at this time, is the most favorable potential transaction to the company's unaffiliated stockholders and that the terms of the revised offer are advisable, fair to and in the best interest of such stockholders. The Clearwire board recommends that stockholders vote their shares FOR all of the proposals relating to the transaction with Sprint by returning the WHITE proxy card with a "FOR" vote for all proposals.
07:29 EDTDISHXbox won't hurt pay TV companies in near-term, AllThingsD says
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May 21, 2013
13:43 EDTS, CLWRClearwire reschedules special shareholder meeting
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13:36 EDTS, CLWRClearwire holder Crest Financial protest company's delay of vote on merger
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), protested the decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's (S) increased offer price of $3.40 per share. Crest said that it has sent a letter to the Clearwire Board of Directors urging them to resist Sprint's new offer so that Clearwire can pursue direct offers through a competitive process once the bidding war over Sprint is concluded. Crest's letter to the Clearwire Board said, "Sprint's new offer for Clearwire still significantly undervalues Clearwire and its assets and provides no protections to minority stockholders."
12:11 EDTCLWRFollow-up: Clearwire upgraded to Market Perform from Sell at Janco
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12:08 EDTCLWRClearwire upgraded to Market Perform from Sell at Janco
10:24 EDTCLWRSprint, Clearwire deal likely gets done, says Wells Fargo
Wells Fargo believes Sprint's (S) raised offer for Clearwire (CLWR) is likely enough to get the deal approved by shareholders. Wells has an Outperform rating on Sprint and Market Perform rating on Clearwire.
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