Posts Tagged ‘ clearwire ’

DISH Network Abandons Its Bid For Sprint

June 19, 2013

DISH Network Corp (NASDAQ:DISH) dropped out of the bidding to buy mobile phone carrier Sprint Nextel Corporation (NYSE:S), paving the way for Sprint Nextel Corporation (NYSE:S)’s acquisition by SoftBank Corp (PINK:SFTBF) (TYO:9984). The Douglas Country-based satellite TV company, DISH Network Corp (NASDAQ:DISH), didn’t submit a new offer for Sprint Nextel Corporation (NYSE:S) by the Tuesday deadline. Late Tuesday, the satellite TV company said it was “impracticable” to meet the deadline. SoftBank’s $25.5 Billion Offer Last...
Read More »

Sprint Nextel Sues Dish To Block Its Acquisition Of Clearwire

By Michelle Jones

June 18, 2013

Sprint Nextel Corporation (NYSE:S) is now locked in a legal battle with DISH Network Corp (NASDAQ:DISH), and the prize? Of course it’s Clearwire Corporation (NASDAQ:CLWR), the wireless carrier both companies have been trying to acquire for months. Sprint has now filed suit against DISH Network in an attempt to keep it from acquiring the wireless carrier, reports Bloomberg’s Jef Feeley. The suit claims that the bid from DISH Network Corp (NASDAQ:DISH) violates the rights...
Read More »

Sprint Faces Setback After Clearwire’s Board Backs Dish’s Higher Offer

By Trefis

June 14, 2013

In what seems like a big setback to Sprint Nextel Corporation (NYSE:S), Clearwire Corporation (NASDAQ:CLWR)’s board has announced that it is backing DISH Network Corp (NASDAQ:DISH)’s bid over its majority stakeholder’s. The announcement came just the hours before Clearwire’s shareholders were set to vote on a Sprint takeover and was a sharp departure from the board’s earlier stance that Sprint’s bid is the better option. Clearwire now believes that Dish’s bid not only offers...
Read More »

Softbank’s Increased Bid For Sprint Wins Over Egan-Jones

By Michelle Jones

June 13, 2013

Softbank Corp. (TYO:9984) (PINK:SFTBF) increased its bid for Sprint Nextel Corporation (NYSE:S) to $21.6 billion earlier this month, and today we learn that the shareholder advisory firm Egan-Jones Ratings Co. is now in favor of that increased bid. Egan-Jones had previously opposed the Japanese telecom company’s offer. What Changed Egan-Jones’ Mind About Softbank? Bloomberg’s Scott Moritz reports that Egan-Jones sent a report to Sprint Nextel Corporation (NYSE:S) explaining its new view on the deal....
Read More »

Clearwire Board Recommends Dish Offer, Dumps Merger Plan With Sprint

By Trefis

June 13, 2013

Clearwire Corporation (NASDAQ:CLWR)’s board dumped its merger plan with Sprint Nextel Corporation (NYSE:S) and recommended to vote in favor of DISH Network Corp (NASDAQ:DISH) higher bid on June 24. The new development puts more pressure on Sprint, which is eager to acquire rest of its stake in Clearwire. While the battle for stake in Clearwire continues, the new recommendation is a welcome move for Dish. Irrespective of outcome with Sprint Nextel Corporation (NYSE:S), Dish will pursue its wireless ambitions by...
Read More »

Clearwire Supports Dish Offer, Asks Shareholders To Accept

By Marie Cabural

June 13, 2013

The board of directors of Clearwire Corporation (NASDAQ:CLWR) unanimously recommended the proposal of DISH Network Corp. (NASDAQ:DISH) to acquire all outstanding common stock of the company for $4.40 per share. In a regulatory filing with the Securities and Exchange Commission (SEC), Clearwire Corporation (NASDAQ:CLWR) encouraged shareholders to accept the offer of DISH Network Corp (NASDAQ:DISH) citing that it was “fair to and in the best interest of shareholders of Class A common stock”. The...
Read More »

SoftBank Raised Bid Could Leave Sprint Strapped For Cash And Less Flexible

By Trefis

June 11, 2013

The fight for Sprint Nextel Corporation (NYSE:S) seems to have taken a decisive turn away from Dish Network Corp (NASDAQ:DISH) with SoftBank’s improved bid for the carrier receiving unanimous backing from not only Sprint’s board but also its largest shareholder. Under the revised deal, SoftBank has increased the total value of its offer by $1.5 billion to $21.6 billion for an additional 8% stake in the new company. More importantly for Sprint’s investors, the cash part of the...
Read More »

Sprint Strikes Back Over Clearwire, Says DISH’s Offer Is Illegal

By Michelle Jones

June 3, 2013

Sprint Nextel Corporation (NYSE:S) has a message for DISH Network Corp (NASDAQ:DISH). It says some of the provisions in DISH’s bid to steal Clearwire Corporation (NASDAQ:CLWR) away violate Delaware state law, not to mention the shareholder agreement that’s in force at Clearwire currently. Last week DISH Network Corp (NASDAQ:DISH) raised its offer to $1 over Sprint Nextel’s $3.40 per share offer. Sprint’s $3.40 per share offer was more than it had offered previously, and...
Read More »

Plot Thickens As Dish Trumps Sprint’s Offer

By ValueWalk Staff

May 31, 2013

As if the acquisition saga involving Dish Network Corp (NASDAQ: DISH), Clearwire Corporation (NASDAQ:CLWR) and Sprint Nextel Corporation (NYSE:S) was already not twisted, Dish upped its bid for Clearwire by $1 higher than Sprint’s revised bid which was due to be voted on Friday. The sweetened offer from Dish represents a 2o percent plus premium to Sprint’s bid for the broadband wholesaler. The latest proposal has complicated the situation. Here is a closer look:...
Read More »

Dish Ups Clearwire Bid In A High Stakes Game Of Poker With Softbank

By Guest Post

May 31, 2013

The battle for Clearwire Corporation (NASDAQ:CLWR) is heating up with DISH Network Corp (NASDAQ:DISH) making a much improved bid for the company, topping the offer Sprint (NYSE:S) had made last week. The satellite provider said late Wednesday that it has offered to acquire Clearwire at $4.40 per share – a premium of about 30% over Sprint’s $3.40 per share bid. With its recent moves, Dish has made it amply clear that it wants to be an...
Read More »

Is Dish Running Out Of Options After Sprint-Softbank Deal’s National Security Clearance?

By Guest Post

May 30, 2013

The Committee on Foreign Investment in the U.S. (CFIUS) has cleared the proposed merger of the U.S. based wireless carrier Sprint Nextel Corporation (NYSE:S) and Japan’s Softbank. DISH Network Corp (NASDAQ:DISH) through a website –www.nationalsecuritymatters.com, has been voicing the threats that Softbank could bring to the national security of the U.S. While Softbank moves one step closer to its planned Sprint acquisition, Dish is left with limited options. Eventually it will be the Sprint Nextel Corporation (NYSE:S)’s shareholders approval, which will...
Read More »

Page 1 of 6

1 2 3 … 6 »