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Clearwire shareholder meeting rescheduled after Dish improves its offer

Discussion in 'News' started by Athlon646464, May 31, 2013.

  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Feb 23, 2007
    Uxbridge, MA
    Clearwire shareholder meeting rescheduled after Dish improves its offer


    Dish's interesting attempt to acquire its way into the wireless data business has taken another turn this evening, thanks to a new development in its bid for Clearwire. Dish upped its offer to $4.40 per share for all of the company's outstanding shares earlier this week, and the Clearwire board seems interested. Originally scheduled to take place Friday morning, the meeting is now set for June 13th so the board can discuss Dish's offer, and how it compares to Sprint's $2.2 billion / $3.40 per share bid for the 50 percent of Clearwire it does not yet own. The new bid is apparently more "actionable" than Dish's previous proposal, and could also complicate Softbank's attempt to acquire Sprint which Dish is also trying to intercept.

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