Reuters – Clearwire Continues Review of Dish offer, Recommends Sprint Deal


Clearwire Corp. said on Friday that it was still evaluating an offer from Dish Network Corp to buy the company for $3.30 per share even as it recommended that shareholders vote for a rival offer from Sprint Nextel Corp. Clearwire, which agreed in December to a $2.97-per-share buyout by Sprint, also said it would not draw on a $80 million offer of financing from Sprint Nextel in February because it is still evaluating the Dish offer, Reuters reported.

(Reuters) – Clearwire Corp said on Friday that it was still evaluating an offer from Dish Network Corp to buy the company for $3.30 per share even as it recommended that shareholders vote for a rival offer from Sprint Nextel Corp.

Clearwire, which agreed in December to a $2.97-per-share buyout by Sprint, also said it would not draw on a $80 million offer of financing from Sprint Nextel in February because it is still evaluating the Dish offer.