Clearwire Investor Hires Proxy Co. To Fight $2B Sprint Buy

Law360, New York (March 20, 2013, 1:10 PM EDT) -- A minority investor in Clearwire Corp. has hired proxy-solicitation firm D.F. King & Co. Inc. to help it fight the company's proposed $2.2 billion acquisition by Sprint Nextel Corp., it said Wednesday, cementing its commitment to an all-out proxy fight to block the deal.

Investment firm Crest Financial Ltd. has become one of the most visible opponents of the merger, having already sued Clearwire and its board for breaching their fiduciary duties when they signed off on Sprint's bid.

Crest has also urged the Federal Communications...
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