Battle for Clearwire heats up as Sprint increases its bid
The fight for Clearwire is heating up as Sprint has increased its bid for the company in light of a recent increase by rival Dish Network, which also wants to buy the nationwide wireless broadband carrier.
On Thursday, Sprint announced it is increasing its bid to acquire the remaining shares it doesn’t already own to $5 a share. Clearwire’s special committee and board of directors are now recommending to shareholders that they reject Dish Network’s offer and instead consider the offer from Sprint.
In May, Dish Network increased its bid for the company to $4.40 per share in cash, which was…
Go here to see the original: Battle for Clearwire heats up as Sprint increases its bid
Recent Comments