Sprint's Sweetened $2.5B Bid Delays Clearwire Vote

Law360, New York (May 21, 2013, 11:57 AM EDT) -- Sprint Nextel Corp. upped its controversial takeover bid for Clearwire Corp. to about $2.5 billion just hours before it was set to go before Clearwire shareholders Tuesday, pushing the meeting until next week and giving Clearwire’s board and disgruntled investors plenty to think about.

Sprint is now offering $3.40 per share, or about $2.5 billion, for the 49 percent of the struggling broadband company it doesn’t already own. That’s up from $2.97 and above a rival, $3.30 bid from Dish Network Corp., whose presence has hung...
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