Clearwire panel gives thumbs-up to latest Sprint offer

05/22/2013 | Wall Street Journal, The

Sprint Nextel's newly revised offer for Clearwire has won the support of a special directors committee, which is advising Clearwire shareholders to approve the raised offer when they vote on May 31. Sprint on Tuesday increased its bid from $2.97 to $3.40 a share for the part of Clearwire it does not own -- the new offer values Clearwire at $10.7 billion.

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Wall Street Journal, The

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