DISH Network Corp (NASDAQ:DISH) is running an advertising campaign which claims that Softbank Corp. (TYO:9984) (PINK:SFTBF)’s pending acquisition of part of Sprint Nextel Corporation (NYSE:S) is a threat to national security. It’s just one of the weapons being used in the battle of the two companies for their prize. Earlier this month Softbank sharpened its own weapons against DISH, showing off its TD-LTE experience as part of its courtship of Sprint Nextel. DISH Network’s...
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Sprint Nextel Corporation (NYSE:S) has sweetened its offer for 50 percent stake in Clearwire Corporation (NASDAQ:CLWR) it doesn’t currently own. Sprint Nextel Corporation (NYSE:S) said it has submitted a revised offer of $3.40 per share to the Board of Directors of Clearwire Corporation (NASDAQ:CLWR). The latest offer is a 14 percent premium to its previous offer of $2.97 a share. Sprint Nextel Corporation (NYSE:S) said it is the best and final offer. The revised bid values Clearwire Corporation...
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Leon G. Cooperman’s Omega Advisors has a portfolio that was worth $6.46 billion at the end of March, according to the firm’s latest 13F filing with the Securities and Exchange Commission. During the first quarter of the year, the firm bought 20 new stocks and increased its position in 30 others. It also exited 15 stocks and reduced its position in 11 others. The firm’s top 10 holdings make up for 38 percent of...
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Farallon Capital Management’s latest 13F filing with the Securities and Exchange Commission indicates that its portfolio was worth about $4.9 billion at the end of March. The firm bought 27 new stocks during the first quarter and increased its position in 11 other stocks. It sold completely out of 31 stocks and reduced its stake in 24 others. As of the end of March, the firm’s top 10 holdings made up more than 45...
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Grantham, Mayo, Van Otterloo & Co.’s latest 13F filing with the Securities and Exchange Commission indicates that the company purchased 104 new stocks during the first quarter and sold out of 79 stocks. It also increased its holdings in 292 companies and reduced its holdings in 183 stocks. GMO’s Top Holdings As of the end of the first quarter of the year, the firm’s top five holdings included Johnson & Johnson (NYSE:JNJ), which made...
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DISH Network Corp. (NASDAQ:DISH) announced on Tuesday that in order to back its plan of acquiring Sprint Nextel Corporation (NYSE:S) for $25 billion, one of its subsidiaries will sell $2.5 billion in debt, reports Reuters. The company further said that on account of the Sprint deal not concluding by the definite day, all the notes will be redeemed by the subsidiary. SoftBank Corp. (OTCMKTS:SFTBF) (TYO:9984) is also in line to buy Sprint Nextel Corporation (NYSE:S) and...
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Clearwire Corporation (NASDAQ:CLWR) continues in its attempts to talk shareholders into voting for the buyout deal from Sprint Nextel Corporation (NYSE:S). A week ago, the company sent a letter to shareholders recommending the Sprint deal, and today the company’s board of directors says it has finished its due diligence and believes that the Sprint deal is the best option. As of this writing, shares of Clearwire Corporation were down 2.62 percent, while Sprint Nextel...
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Softbank Corp. (TYO:9984) (PINK:SFTBF) is appealing to Sprint Nextel Corporation (NYSE:S) as the drama in the telecommunications industry continues. The company said even though DISH Network Corp (NASDAQ:DISH)’s buyout offer was higher than its own, its offer is actually superior because it has experience with TD-LTE. A merger between Sprint Nextel and Softbank has been pending since late last year. The Japanese telecom company was set to buy 70 percent of Sprint Nextel. Then...
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Clearwire Corporation (NASDAQ:CLWR)’s biggest shareholders still oppose the Sprint Nextel Corporation (NYSE:S) buyout of the company, according to documents filed with the U.S. Securities and Exchange Commission this week. Not long after the documents were posted, Clearwire shares did an about-face and started rising—as much as 3 percent at the time of this writing after sagging all week. The documents indicate that several of Clearwire’s biggest shareholders, including Mount Kellett Capital Management LP and...
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Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) president and CEO today criticized the rival offer from DISH Network Corp (NASDAQ:DISH) for Sprint Nextel Corporation (NYSE:S). Masayoshi Son said that Dish’s unsolicited $25.5 billion offer is incomplete and illusory. Son dismissed the idea of raising his $20.1 billion bid for a 70% stake in Sprint Nextel Corporation, and said his plans would provide Sprint shareholders better value. DISH Network Corp (NASDAQ:DISH) wanted to combine its satellite TV business with Sprint Nextel...
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Apple Inc. (NASDAQ:AAPL) is still seeing its iPhone sales grow at the three largest carriers in the U.S. Analysts at Raymond James aggregated the iPhone sales data from Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T) and Sprint Nextel Corporation (NYSE:S). They found that the iPhone is still taking shares year over year at two of the three carriers—Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T). They noted that the iPhone had an 80 percent share...
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