Clearwire Shareholder Asks FCC To Look Deeper On Sprint

Law360, New York (April 23, 2013, 2:25 PM EDT) -- Clearwire Corp. shareholder Crest Financial Ltd. on Monday asked regulators to unwind a quiet side deal in October that gave Sprint Nextel Corp. control of the struggling broadband company and paved the way for its $2.2 billion takeover bid two months later. 

Crest, which owns about 3.9 percent of Clearwire, has been railing for months against the Sprint acquisition, asking both a Delaware judge and the Federal Communications Commission to reject the deal, commissioning its own independent studies of Clearwire’s value and promising a proxy fight....
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