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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.