Telecom & Wireless
Clearwire Still Looking Over Offer from Dish Network
Published:
Last Updated:
Clearwire also said that it continues to review the “unsolicited, non-binding” proposal from Dish Network Corp. (NASDAQ: DISH), which offers $3.30 a share with a lot of strings attached.
One of those strings is related to Sprint’s financing agreement for Clearwire, which was to provide the wireless carrier with $80 million a month for 10 months. Clearwire did not take the first draw on the funds in January because Dish Network threatened to withdraw its offer if Clearwire did so. A withdrawal certainly would have fired up a multitude of legal actions.
Clearwire continues to recommend approval of the Sprint acquisition although it also continues its review of the company’s options. But because Sprint already owns slightly more than 50% of Clearwire, other shareholders may not have much leverage.
Clearwire’s shares are up about 1.6% in premarket trading this morning, at $3.23 in a 52-week range of $0.83 to $3.41.
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.