Crest tries to stop Sprint's Clearwire bid with proxy statement

04/11/2013 | Reuters · All Things D

Sprint Nextel's bid to buy the rest of Clearwire may run into resistance from Crest Financial; the seller's largest majority investor filed a preliminary proxy statement which -- once approved by regulators -- would urge shareholders to reject the deal as undervaluing the wireless service provider. In its statement, Crest said shareholders would benefit more from Clearwire remaining a stand-alone company.

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Reuters · All Things D

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