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News For S From The Last 14 Days Check below for free stories on S the last two weeks. |
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| May 23, 2013 |
| 08:09 EDT |  | S | DISH issues statement on SoftBank and CFIUS
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| 07:10 EDT |  | S | SoftBank would allow U.S. influence over Sprint operations, WSJ reports
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| 06:08 EDT | | S | On the Fly: Periodicals Wrap-Up
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| May 22, 2013 |
| 15:43 EDT | | S | Clearwire 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. |
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| 14:06 EDT | | S | Google’s X Phone confirmed for Sprint, BGR says
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| 09:09 EDT | | S | Clearwire 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. |
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| May 21, 2013 |
| 13:43 EDT |  | S | Clearwire reschedules special shareholder meeting
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| 13:36 EDT | | S | Clearwire 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." |
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| 09:32 EDT | | S | Clearwire to resume trading at 9:45 am ET
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| 09:23 EDT | | S | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. |
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| 09:22 EDT | | S | Clearwire receives increase offer from Sprint
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| 09:03 EDT | | S | Sprint increases offer for Clearwire to $3.40 per share from $2.97
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| 09:01 EDT | | S | Sprint increases offer for Clearwire to $3.40 per share
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| 08:57 EDT | | S | Sprint to raise bid for Clearwire above $2.97 prior offer, DJ says
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| 06:03 EDT | | S | Clearwire to postpone today's vote on Sprint deal, NY Post reports
Clearwire (CLWR) will postpone today's shareholder vote on Sprint's (S) $2.97 per share takeover offer, New York Post reports. Reference Link |
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| 05:40 EDT | | S | Softbank confirms waiver, expects Sprint deal to close in six weeks
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| 05:31 EDT | | S | DISH, Sprint to engage in talks
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| 05:23 EDT | | S | Sprint provides transaction update
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| May 20, 2013 |
| 13:29 EDT |  | S | Options with increasing implied volatility: UNXL NCT LYV CPRT S
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| 10:55 EDT | | S | Crest asks Clearwire holders to wait until control of Sprint resolved for action
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| 10:20 EDT | | S | Sprint acquires Handmark and subsidiary OneLouder Apps
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| May 17, 2013 |
| 11:01 EDT | | S | U.S. Cellular declares $5.75 per share special dividend
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| 07:46 EDT | | S | Clearwire investors to force Sprint to up bid, Reuters reports
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| May 16, 2013 |
| 19:11 EDT | | S | Dish sends letter to FCC over SoftBank, Sprint deal, Reuters says
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| May 15, 2013 |
| 17:36 EDT | | S | Paulson gives quarterly update on stakes
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| May 14, 2013 |
| 09:44 EDT | | S | Sprint says will launch BlackBerry Q10 in U.S. in late Summer
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| 08:31 EDT | | S | DISH announces $2.5B debt offering, to be used to partially fund Sprint bid
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| 05:44 EDT | | S | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 09:50 EDT | | S | Clearwire sends letter urging stockholders to vote 'for' proposed Sprint transaction
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| 08:24 EDT | | S | Softbank pressuring potential Dish investment banks, FT reports
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| May 11, 2013 |
| 13:39 EDT | | S | Softbank says Dish-Sprint deal poor match, Bloomberg reports
The CEO of SoftBank (SFTBF) Masayoshi Son criticized the concept of Dish Network's (DISH) offer to buy Sprint Nextel (S), saying the satellite company would be a poor fit for a wireless carrier, while the synergies of a SoftBank-Sprint deal will result in significant cost savings. Reference Link |
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| May 10, 2013 |
| 17:16 EDT | | S | Crest Financial takes first step to perfect appraisal rights of Clearwire shares
Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire (CLWR), has told its brokerage firms to take all necessary steps to perfect Crest's rights under Section 262 of the Delaware General Corporation Law to seek appraisal for the common stock of Clearwire that it beneficially owns. The Delaware law permits Clearwire shareholders electing to exercise their appraisal rights to ask the Delaware Court of Chancery to determine the fair value of their Clearwire common stock if the Sprint (S)-Clearwire merger is consummated and certain other conditions are satisfied. The law states that a Clearwire stockholder that votes FOR the Sprint-Clearwire merger cannot elect to exercise its appraisal rights. Crest has long argued that the price Sprint Nextel is offering to pay Clearwire stockholders for their shares is highly inadequate, that the merger was structured in a way that unfairly disadvantages minority stockholders and that Clearwire would be better off if it remained a stand-alone company. Crest also commended Glass, Lewis & Co., a leading proxy advisory firm, for its recommendation urging that Clearwire stockholders vote against the proposed merger with Sprint. Crest said is strongly disagreed with the view of ISS that the Sprint-Clearwire merger should succeed. |
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| 12:17 EDT | | S | ISS recommends Clearwire holders vote 'FOR' proposed transaction with Sprint
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| 09:23 EDT | | S | Sprint says ISS recommends Clearwire shareholders vote in favor of merger
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| 07:09 EDT | | S | Dish gets Jefferies Group financing in Sprint bid, Bloomberg reports
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| 07:08 EDT | | S | ESPN considers subsidizing wireless data plans, WSJ reports
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| 06:10 EDT | | S | On the Fly: Periodicals Wrap-Up
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| May 9, 2013 |
| 18:12 EDT | | S | Softbank CEO says Sprint takeover to offer pricing advantage, WSJ reports
In an interview with The Wall Street Journal, Softbank (SFTBF) CEO Masayoshi Son said the proposed takeover of Sprint (S) will allow the combined company to bring a pricing advantage to the U.S. wireless market. The report also says Son has assured regulators networking equipment from Huawei Technologies would be removed from Clearwire's (CLWR) network as a condition for getting approval. Reference Link |
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| 15:09 EDT | | S | Softbank CEO says Sprint wouldn't allow Clearwire bankruptcy filing, DJ reports
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| 14:06 EDT | | S | Crest Financial issues statement urging Clearwire holders vote against merger
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| 12:54 EDT | | S | DISH Chairman says sale of spectrum or whole company options if Sprint bid fails
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| 12:44 EDT | | S | DISH's Ergen: If Sprint bid unsuccesful, could sell spectrum or whole company
Comment made on Q1 earnings conference call. |
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| 07:58 EDT | | S | Softbank says it will save Sprint $3B by 2017, Bloomberg reports
SoftBank (SFTBF) defended its takeover bid for Sprint Nextel (S) against a counteroffer by Dish Network (DISH), telling investors that its deal will bring about $3B in annual operating savings by 2017, reports Bloomberg. The merged companies will also be able to cut Sprint’s capital spending by 32% to 36%, SoftBank said. President Masayoshi Son presented the numbers to Sprint investors in a meeting in New York, sources said. Reference Link |
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