Clearwire (CLWR) Slammed as Sprint (S) Bid Not Coming Anytime Soon
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Sprint (S) Still Working on a Deal to Acquire Clearwire (CLWR) - CNBC Faber
October 15, 2012 9:09 AM EDTClearwire Corporation (NASDAQ: CLWR) is ticking back to the highs of the session following reports from CNBC's David Faber that Sprint (NYSE: S) is still working on a deal to acquire Clearwire.
In its... More
SoftBank to Acquire 70% of Sprint (S) for $20.1B; Hesse to Remain CEO
October 15, 2012 6:18 AM EDTSoftBank and Sprint Nextel Corporation (NYSE: S) today announced that they have entered into a series of definitive agreements under which SoftBank will invest $20.1 billion in Sprint, consisting of $12.1 billion to be distributed to Sprint stockholders and $8.0 billion of new capital to strengthen Sprints balance sheet. Through this transaction, approximately 55% of current Sprint shares will be exchanged for $7.30 per share in cash, and the remaining shares will convert into shares of a new publicly traded entity, New Sprint. Following closing, SoftBank will own approximately 70% and Sprint equity holders will own approximately 30%... More
