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DISH Network Corporation (NASDAQ: DISH) confirmed today that it has formally approached Clearwire Corporation (NASDAQ: CLWR) with respect to a potential strategic transaction on terms as generally outlined in the Clearwire release, including an offer to purchase all of the Clearwire common shares at $3.30.

“We look forward to working with Clearwire's Special Committee as it evaluates our proposal,” said Tom Cullen, DISH executive vice president of Corporate Development.

DISH does not intend to comment further at this time.

Posted-In: News M&A

 

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