Reuters – Sprint Sweetens Deal for Clearwire, Offering $2.2B

Sprint Nextel Corp. raised its offer for Clearwire Corp. by 7 cents per share to buy the rest of the wireless service provider for $2.2 billion, Reuters wrote Monday. Sprint, already the majority owner, will pay $2.97 per share for just under half of Clearwire. Sprint, whose previous offer price was criticized by some minority shareholders as too low, said the raised offer had the unanimous approval of Clearwire directors.

(Reuters) – Sprint Nextel Corp raised its offer for Clearwire Corp by 7 cents per share to buy the rest of the wireless service provider for $2.2 billion.

Sprint, already the majority owner, will pay $2.97 per share for just under half of Clearwire.

Sprint, whose previous offer price was criticized by some minority shareholders as too low, said the raised offer had the unanimous approval of Clearwire directors.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Rodney Joyce)

Leave a Reply

PE HUB Community

Join the 12519 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget