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JUN 21, 2013 - New Statesman

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Sprint Nextel raises buyout offer for Clearwire

Receives support from majority stakeholders.Wireless carrier Sprint Nextel Corporation has increased its offer price to $5 per share to acquire approximately 50 per cent stake in Clearwire Corporation, in an effort to end Dish Network Corporation’s earlier offer of $4.40 per share. Sprint, which currently holds majority shares in Clearwire, said its new offer price values Clearwire at approximately $14bn. Earlier in May, Sprint offered a price of $3.40 per share for Clearwire. Following the new offer, a group of Clearwire stockholders, including Mount Kellett Capital Management, ... Read More

Tags: Sprint Nextel raises buyout offer for Clearwire,  Intel Corporation Latest News