Clearwire Shareholders Approve $3.6B Sprint Takeover

Law360, New York (July 8, 2013, 4:00 PM EDT) -- Clearwire Corp. shareholders voted overwhelmingly Monday to approve a sweetened $3.6 billion takeover offer by Sprint Nextel Corp., paving the way for the deal to close Tuesday, according to a Clearwire statement.

The Bellevue, Wash.-based wireless company needed a majority of its minority shareholders to vote in favor of Sprint's $5-per-share offer. Roughly 82 percent of minority shares were voted in support of the takeover, Clearwire said, and 95 percent of common stockholders cast votes to approval the deal.

“We are pleased that our stockholders recognize...
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