Market Overview

Minority Holder Crest Financial Opposes Sprint Bid for Clearwire

Share:
Related CLWR
Sprint's Clearwire Units Will Retire $175M in Notes
Benzinga's M&A Chatter for Tuesday August 6, 2013
Related S
5 Companies That Narrowly Escaped Disaster
Competition & Cord-Cutting Push Old/New Media Hook-Ups – More To Come?
Sprint CEO: We'll have best or second-best network in two years (Seeking Alpha)

The following is a statement by Crest Financial Limited about Sprint's Offer to Buy Clearwire Corporation (NASDAQ: CLWR):

The $2.90 per share offer by Sprint for Clearwire today is the capstone in Sprint's ongoing effort to interfere with Clearwire's ability to operate as an independent company, to thwart the planned development of Clearwire's network, and to take Clearwire's valuable high-speed broadband spectrum for itself to the detriment of Clearwire's minority shareholders.

Crest Financial, a significant minority shareholder of Clearwire, intends to take whatever actions it can, including petitioning the Federal Communications Commission, to protect the rights of Clearwire shareholders against unfair dealing by Sprint and other parties, and to preserve competition in the market for broadband services.

Posted-In: News M&A

 

Related Articles (CLWR + S)

Around the Web, We're Loving...

Get Benzinga's Newsletters