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Sprint (S) to Acquire Clearwire (CLWR) for $2.97/Share

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Go back to Sprint (S) to Acquire Clearwire (CLWR) for $2.97/Share

Sprint (S) Details 'All-In' Bid for Clearwire (CLWR); Has $120M Termination Fee

December 18, 2012 8:15 AM EST

Sprint Nextel (NYSE: S) filed more detail about its proposed $2.97 per share takeover bid for the rest of Clearwire (Nasdaq: CLWR). According to the latest 8-K filed with the U.S. SEC, the proposal includes a $120 million termination fee.

Clearwire is also not able to solicit other bids from third parties.

The snippet is copied below:

"Under the Merger Agreement, Clearwire is subject to a no-shop restriction on its ability to solicit offers or proposals relating to an acquisition proposal or to provide... More

Sprint (S) Wanted to Pay $2.60/Share for Clearwire (CLWR), CEO Says

December 17, 2012 8:45 AM EST

Clearwire Corp. (Nasdaq: CLWR) CEO Erik Prusch said the company rejected a $2.60 per share bid from Sprint (NYSE: S) in November.... More

Clearwire (CLWR) Resumes, Falls Lower Early

December 17, 2012 7:31 AM EST

Clearwire (Nasdaq: CLWR) resumes trading, shares down 9 percent early.... More

Clearwire (CLWR) to resume trading at 7:30am ET

December 17, 2012 7:09 AM EST

Clearwire (Nasdaq: CLWR) to resume trading at 7:30am EST.... More

Softbank Chief Puts Tight Limit on Sprint's (S) Bid for Clearwire (CLWR)

December 14, 2012 6:38 AM EST

Clearwire (Nasdaq: CLWR) holders may be in trouble.

According to reports out Friday, Softbank founder Masayoshi Son has said he would not back a deal for Sprint (NYSE: S) to buy Clearwire if the price exceeds $2.97 per share.

On Thursday, Sprint bid $2.90 for the remaining shares of Clearwire it didn't already own. The amount, plus... More

Analyst Says $2.90/Sh Just a 'Starting Point' for Sprint (S) in Clearwire (CLWR) Bidding

December 13, 2012 10:00 AM EST

Analysts at JPMorgan have weighed in on news this morning that Sprint (NYSE: S) offered to acquire the 48% of Clearwire (Nasdaq: CLWR) that it doesn't own for $2.90/share, and if the analyst is correct the fun has just begun.
... More

Sprint's (S) Bid for Clearwire (CLWR) Undervalues Key Spectrum Assets - Analyst

December 13, 2012 8:38 AM EST

Clearwire (Nasdaq: CLWR) is moving above Sprint's (NYSE: S) bid today as investors hope another bidder comes in over the top for the company.

Earlier, Sprint offered to purchase the remaining amount of stock in Clearwire is doesn't own -- about 47 percent -- for $2.90 per share. In addition, Sprint offered interim financing in the interim (to closing)... More

Sprint (S) Looks to Acquire Clearwire (CLWR) for $2.90/Share

December 13, 2012 6:19 AM EST

Sprint Nextel (NYSE: S) seeks to buy rest of Clearwire (Nasdaq: CLWR) for $2.90 per share.

From an amended 13D filed this morning:

On October 11, 2012, BHN Spectrum provided Clearwire and Clearwire Communications with a written notice of its request to exchange all of the shares of Class B Common Stock together with all of the Clearwire Communications Class B Common Interests held by BHN Spectrum into an equal number of shares of Class A Common Stock (the BHN Exchange). The BHN Exchange was completed on October 18,... More

Sprint Nextel (S) Seeks to Buy Rest of Clearwire (CLWR) for $2.90/Share

December 13, 2012 6:16 AM EST

Sprint Nextel (NYSE: S) seeks to buy rest of Clearwire (Nasdaq: CLWR) for $2.90 per share.... More

UPDATE: Clearwire (CLWR) and Sprint (S) Mover Closer on Deal; Shares Halted on Breaker

December 11, 2012 11:36 AM EST

(Updated - December 11, 2012 11:40 AM EST)

CNBC's David Faber is reporting that Clearwire (Nasdaq: CLWR) and Sprint (NYSE: S) are moving closer on a deal. While nothing is imminent a deal could be announced by year... More