Sprint (S) Seeks to Indirectly Gain Control of Clearwire (CLWR)

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Sprint's (S) Control Over Clearwire (CLWR) is Illusionary, Stake Acquired for Different Reason

October 19, 2012 11:51 AM EDT

Clearwire (Nasdaq: CLWR) shares are bouncing on renewed hope today.

Today, BTIG noted that Sprint (NYSE: S) has held over 50 percent of Clearwire in the past, but was unable to prevent Clearwire's retail store investments among other operational decisions. BTIG goes on to say that it wouldn't be surprised to find Sprint selling its... More

Clearwire (CLWR) Holder ERH Delivers Interest Notice to Other Holders (S)

October 18, 2012 6:22 AM EDT

Clearwire Corp. (Nasdaq: CLWR) filed the following amended 13D with respect to Sprint's (NYSE: S) Sprint HoldCo. The filing has Sprint HoldCo intending to buy all interests set in the ERH notice.

The Notice provides intent to transfer 30.9 million Clearwire Class A and 2.7 Clearwire Class B shares. Sprint said the price would be $100 million if it was the only exercising holder.

The amended filing is below:

On October 17, 2012, ERH delivered an interest notice to the other Equityholders pursuant to Section 3.3 of the Equityholders... More