Clearwire (CLWR) Shares Slammed Amid Rumor Co. Hired Blackstone (BX) for Restructuring Advice
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Shares of Clearwire (Nasdaq: CLWR) are getting smashed after hours Thursday following reports it may be in restructuring talks.
According to headlines from Bloomberg, Clearwire may have tapped Blackstone (NYSE: BX) as an advisor in the restructuring.
One of the options Clearwire is considering, according to sources, is debt restructuring.
Earlier in August, word spread that Sprint (NYSE: S) and Comcast (Nasdaq: CMCSA) may be part of a group aimed at making an investment in Clearwire, potentially leading to a takeover of the company. Clearwire currently is building out a 4G LTE network which Sprint uses.
Shares of Clearwire are down more than 28 percent late Thursday.
According to headlines from Bloomberg, Clearwire may have tapped Blackstone (NYSE: BX) as an advisor in the restructuring.
One of the options Clearwire is considering, according to sources, is debt restructuring.
Earlier in August, word spread that Sprint (NYSE: S) and Comcast (Nasdaq: CMCSA) may be part of a group aimed at making an investment in Clearwire, potentially leading to a takeover of the company. Clearwire currently is building out a 4G LTE network which Sprint uses.
Shares of Clearwire are down more than 28 percent late Thursday.
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