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

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

Guggenheim Downgrades Clearwire (CLWR) to Neutral, Higher Bid 'Uncertain'

December 14, 2012 8:43 AM EST

Guggenheim 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

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

Sprint (S) May Have to Pay $5/Share to Gain Control of Clearwiere (CLWR) - BTIG

December 12, 2012 3:42 PM EST

Analysts 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

SoftBank to Acquire 70% of Sprint (S) for $20.1B; Hesse to Remain CEO

October 15, 2012 6:18 AM EDT

SoftBank 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% of the shares of New Sprint on a fully-diluted basis.

SoftBanks cash contribution, deep expertise in the deployment of next-generation wireless networks and track record of success in taking share in mature markets from larger telecommunications competitors are expected to create a stronger, more competitive New Sprint that will deliver significant benefits to U.S. consumers. The transaction has been approved by the Boards of Directors of both SoftBank and Sprint. Completion of the transaction... More