Clearwire board recommends Dish takeover bid

Thursday 13 June 2013 | 08:39 CET | News
The independent members of US Wimax operator Clearwire's board have recommended shareholders accept a takeover offer from Dish Network, rather than the buy-out proposed by majority shareholder Sprint. Clearwire previously endorsed Sprint's offer, prompting Dish to raise its bid. Dish is offering USD 4.40 per share for Clearwire, while Sprint has bid USD 3.40. To give shareholders more time to consider, Clearwire is rescheduling the vote on the deals from 13 June to 24 June, and Dish has extended its offer until 2 July. The Dish offer is conditional on acquiring at least 25 percent of

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Categories: Mobile & Wireless
Companies: Clearwire / Dish Network / Softbank / Sprint
Countries: United States
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