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Sprint Issues Statement on Clearwire Proxy Filing

Related CLWR
Sprint's Clearwire Units Will Retire $175M in Notes
Benzinga's M&A Chatter for Tuesday August 6, 2013

Today Clearwire (NASDAQ: CLWR) filed a preliminary proxy statement in
connection with its definitive agreement with Sprint (NYSE: S) for
Sprint to acquire the approximately 50 percent stake in Clearwire that
it does not already own. In response, Sprint issued the following
statement:

“Today's filing speaks for itself. After a rigorous and extensive
two-year process, Clearwire pursued numerous strategic opportunities,
including discussing the sale of spectrum with no fewer than 10 parties
and a series of ongoing conversations with DISH that date back to 2010.
Clearwire's proxy makes very clear that Sprint's definitive agreement to
acquire Clearwire provides both the best value for shareholders and
stability amid an uncertain future. We continue to believe

See full press release

Posted-In: News Guidance Contracts M&A Global

 

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