Market Overview

BTIG Says Would Take 'Much More Than $3/Share for Sprint to Take Control of Clearwire'

Related CLWR
Sprint's Clearwire Units Will Retire $175M in Notes
Benzinga's M&A Chatter for Tuesday August 6, 2013
Related S
3 Best Performing Stocks in August: CSIQ, FRF, SBLK
Benzinga's M&A Chatter for Thursday August 28, 2014
Corporations Looking to Startups for Innovation (Fox Business)

BTIG Research's Walter Piecyk believes "it might take much more than $3 per share for Sprint (NYSE: S) to take control of Clearwire (NASDAQ: CLWR)..." Piecyk said such a move by Sprint would be "well worth the price in order to secure all of Clearwire's spectrum for its own use, keep it out of the hands of competitors and eliminate material roaming expense."

BTIG maintains a Buy rating on Clearwire and a Neutral rating on Sprint.

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (CLWR + S)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters