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JUN 21, 2013 - TheStreet

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TheDeal: Sprint Nextel Raises Clearwire Bid

NEW YORK (TheStreet) -- Apparently, $3.40 per share was not Sprint Nextel's "best and final offer" for shares of Clearwire that it does not own.Sprint came forward Thursday with a bid of $5 per share, or about $3.9 billion, for the minority shares. A month ago, the carrier said that $3.40 was the most it would pay for nearly 50% of Clearwire's equity. That was before satellite TV company Dish Network came forward with a bid of $4.40 per share in late May.Shares of Clearwire rose 34.5 cents, or 7.3%, to $5.04 on Thursday afternoon, with some investors perhaps expecting that Charlie Ergen's ... Read More

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