UPDATE: Clearwire (CLWR) CEO Says Will Continue Talks with Dish (DISH) & Sprint (S)

March 28, 2013 4:37 PM EDT Send to a Friend
(Updated - March 28, 2013 4:44 PM EDT)

Clearwire Corporation's (Nasdaq: CLWR) CEO said he plans to continue talks with Dish (Nasdaq: DISH) and Sprint (NYSE: S), according to SEC filings.

Clearwire's statement is below:

"Today we announced that we have taken the $80 million April draw from Sprint under the terms of the acquisition agreement.

Dan Hesse, Masayoshi Son, and I also recently met with the FCC to discuss the pending transaction. As for next steps, we anticipate filing our definitive proxy in the coming weeks (the proxy is the document we provide to shareholders enabling them to make informed decisions about the pending transaction)."

The Special Committee of our board has not made any determination to change its recommendation of the current Sprint transaction, but intends to continue discussions with both DISH and Sprint.

We will keep you apprised of any new developments."


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