Clearwire group revolts against Sprint offer

05/6/2013 | Bloomberg Businessweek · Wall Street Journal, The

A group of disaffected Clearwire investors that represent 18% of its shareholders has joined forces to press Sprint Nextel to improve its offer for the wireless service provider and has retained attorneys to negotiate with other interested buyers, including DISH Network. The group, led by Mount Kellett Capital Management, filed a disclosure about its plans Friday. The four investors do not include Clearwire backers Crest Financial and Aurelius Capital Management, which have separately filed suit to block the Sprint deal.

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Bloomberg Businessweek · Wall Street Journal, The

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