Clearwire (CLWR) Resumes, Falls Lower Early
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Sprint (S) Wanted to Pay $2.60/Share for Clearwire (CLWR), CEO Says
December 17, 2012 8:45 AM ESTClearwire 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) to resume trading at 7:30am ET
December 17, 2012 7:09 AM ESTClearwire (Nasdaq: CLWR) to resume trading at 7:30am EST.... More
Sprint (S) to Acquire Clearwire (CLWR) for $2.97/Share
December 17, 2012 7:01 AM ESTSprint (NYSE: S) today announced that it has entered into a definitive agreement to acquire the approximately 50 percent stake in Clearwire (NASDAQ: CLWR) it does not currently own for $2.97 per share, equating to a total payment to Clearwire shareholders, other than Sprint, of $2.2 billion. This transaction results in a total Clearwire enterprise value of approximately $10 billion, including net debt and spectrum lease obligations of $5.5 billion.
The transaction consideration represents a 128 percent premium to Clearwire's closing share price the day before the Sprint-SoftBank discussions were first... More
