Sprint Critics Gain Support As Clearwire Vote Nears

Law360, New York (May 3, 2013, 1:52 PM EDT) -- Shareholders opposed to Sprint Nextel Corp.'s $2.2 billion deal for Clearwire Corp. are racking up support after four hedge funds disclosed stakes on Friday, teeing up a tense shareholder vote set for May 21.

Mount Kellett Capital Management LP, Highside Capital Management LP, Glenview Capital Management LLC and Chesapeake Partners Management Co. Inc. own 18.2 percent of the Clearwire shares not held by Sprint and have pooled their voting power to oppose the $2.97 per share offer, according to a regulatory filing.

Along with Crest Financial...
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