Sprint Nextel (S) Seeks to Buy Rest of Clearwire (CLWR) for $2.90/Share
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Large Holder Thinks Clearwire (CLWR) Worth More than Twice Sprint's (S) Bid
December 14, 2012 9:33 AM ESTMount Kellett Capital Management LP sent a letter to the Clearwire Corporation (Nasdaq: CLWR) Board of Directors outlining issues related to, among other things, Clearwire's relationship with Sprint Nextel Corporation (NYSE: S). Full text of the letter follows:
December 14, 2012
BY EMAIL & FEDEX
Clearwire Corporation 1475 120th Avenue NE Bellevue, WA 98005 Attn: Special Committee of the Board of Directors
Dear Ladies and Gentlemen:
As you know from our previous correspondence to the Board of Directors, Mount Kellett Capital Management LP ("Mount Kellett" or "we")... More
Guggenheim Downgrades Clearwire (CLWR) to Neutral, Higher Bid 'Uncertain'
December 14, 2012 8:43 AM ESTGuggenheim downgraded Clearwire (NASDAQ: CLWR) from Buy to Neutral saying a material higher bid than Sprint's (NYSE: S) current $2.90/share offer is "uncertain".
The firm said the most likely outcome is a modest increase to the original... More
Softbank Chief Puts Tight Limit on Sprint's (S) Bid for Clearwire (CLWR)
December 14, 2012 6:38 AM ESTClearwire (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 ESTAnalysts 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 ESTClearwire (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 ESTSprint 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 (S) May Have to Pay $5/Share to Gain Control of Clearwiere (CLWR) - BTIG
December 12, 2012 3:42 PM ESTAnalysts at BTIG said it's going to take much more than $3/share for Sprint (NYSE: S) to take control of Clearwire (Nasdaq: CLWR). Analysts at the firm said Sprint may have to pay north of $5/share to the remaining shareholders in order to gain control.... More
