UPDATE: Sprint (S) to Raise Offer for Clearwire (CLWR) - DJ
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Sprint (S) Raises Bid for Clearwire (CLWR) to $3.40/Sh
May 21, 2013 9:02 AM EDTSprint (NYSE: S) submitted an increased offer to the Board of Directors of Clearwire (NASDAQ: CLWR) to acquire the approximately 50 percent stake in the company it does not currently own for $3.40 per share, valuing Clearwire at $10.7 billion. This increased offer represents a 14 percent premium to Sprints previous offer of $2.97 announced on Dec. 17, 2012 and a 162 percent premium to Clearwire's closing share price the day before the Sprint-SoftBank discussions were first confirmed in the... More
