Clearwire schedules Sprint takeover vote for May 21

04/24/2013 | Bloomberg Businessweek · Wall Street Journal, The

Clearwire says its shareholders plan to vote on Sprint Nextel's buyout offer on May 21, amid mounting pressure from Clearwire's largest non-Sprint-aligned investor to consider alternative options. In a letter to the wireless provider's board Tuesday, Crest Financial termed Sprint's bid "coercive" and urged Clearwire to consider DISH Network's bid or Verizon Wireless' reported offer to acquire some of its spectrum.

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Bloomberg Businessweek · Wall Street Journal, The

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