Thursday, 16 August 2018

Clearwire board backs Dish offer, delays Sprint vote

By Thomas Gryta and Sharon Terlep, Dow Jones Newswires
Thursday 13 June 13

Endorsement of $4.40-a-share offer puts pressure on Sprint in race for ailing mobile broadband provider.

Clearwire Corp.'s board recommended that investors sell their shares to Dish Network Corp., in a move that shuns an earlier takeover agreement with majority owner Sprint Nextel Corp. The endorsement of Dish's $4.40-a-share offer puts the pressure on Sprint, which has seen its effort to buy the remaining half of Clearwire repeatedly disrupted by Dish. In supporting the Dish offer, the Clearwire board also recommended shareholders vote against the Sprint deal. A shareholder vote on the Sprint deal scheduled for Thursday has been postponed--now for the third time--until June 24. A Sprint spokesman said the company is evaluating Clearwire's statement and will review &quot…

Clearwire Corp.'s board recommended that investors sell their shares to Dish Network Corp., in a move that shuns an earlier takeover agreement with majority owner Sprint Nextel Corp. The endorsement of Dish's $4.40-a-share offer puts the pressure on Sprint, which has seen its effort to buy the remaining half of Clearwire repeatedly disrupted by Dish. In supporting the Dish offer, the Clearwire board also recommended shareholders vote against the Sprint deal. A shareholder vote on the Sprint deal scheduled for Thursday has been postponed--now for the third time--until June 24. A Sprint spokesman said the company is evaluating Clearwire's statement and will review &quot…

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