Clearwire (CLWR) Higher Despite Sprint (S) Saying Softbank Deal Does Not Require Deal
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Shares of Clearwire Corporation (NASDAQ: CLWR) are ramping in pre-open trading Monday following Softbank's confirmed deal to acquire 70 percent of Sprint (NYSE: S) for $20.1 billion. However, Sprint said the deal does not require the company to do a deal with Clearwire. Nonetheless, shares of Clearwire are 18 percent higher currently.
From the Release:
"The transaction does not require Sprint to take any actions involving Clearwire Corporation other than those set forth in agreements Sprint has previously entered into with Clearwire and certain of its shareholders.
From the Release:
"The transaction does not require Sprint to take any actions involving Clearwire Corporation other than those set forth in agreements Sprint has previously entered into with Clearwire and certain of its shareholders.
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