Clearwire Urges Stockholders To Approve $2.2B Sprint Deal

Law360, New York (May 6, 2013, 7:08 PM EDT) -- Wireless provider Clearwire Corp. made the case to its stockholders Monday that a proposed $2.2 billion takeover bid from Sprint Nextel Corp. that will face a shareholder vote in two weeks represents their best strategic option.

Clearwire said the company is facing a substantial funding gap that raises doubts about its ability to secure the $2 billion to $4 billion in additional funding needed to continue operations. The deal gives minority stockholders an attractive value in light of the company's “limited alternatives and the well-known constraints...
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