Dish Increases Clearwire Bid to $4.40 Per Share
May 29, 2013, 8:20 PM by Eric M. Zeman
Dish Networks today submitted a new tender offer for Clearwire of $4.40 per share, which represents a 29% premium over Sprint's recently upped bid of $3.40 per share. Dish made the offer just hours ahead of a Clearwire's shareholder vote on Sprint's bid, which is scheduled for Friday. "The Clearwire spectrum portfolio has always been a key component to implementing our wireless plans of delivering a superior product and service offering to customers," said Charlie Ergen, chairman and co-founder of Dish in a statement. Dish first bid on Clearwire early this year after Sprint initiated its own take-over attempt. Sprint raised its bid for Clearwire last week in order to appease minority Clearwire shareholders who weren't satisfied with its initial offer of $2.97 per share. Clearwire acknowledged the revised tender offer and said, "The Special Committee of Clearwire's board of directors will review it to determine the best course of action for the company and its stockholders. The Special Committee has not made any determination to change its recommendation of the current Sprint transaction." Clearwire did not immediately reschedule Friday's vote.
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Comments
Hmmmm....
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This is getting annoying
Clear, you suck. You should be happy you're not completely bankrupt. Sprint has kept you alive for far too long - now please show some loyalty and sell yourselves one last time.
As for Dish, re-evaluate why you're considered one of thee worst companies to work for PERIOD - that might be a indication of something - but hey, who knows, maybe it's just some strange coincidence.
