Dish Chairman Slams Sprint's Challenge To Clearwire Offer

Law360, New York (June 4, 2013, 8:30 PM EDT) -- Dish Network Corp. fought to push Sprint Nextel Corp. further on the ropes Tuesday when its chairman denied the wireless network operator’s claims that Dish's knockout $4.40-per-share offer is illegal under Delaware law and indicated Sprint was relying on double standards to block Dish's bid.

In a letter to Clearwire Chairman John Stanton, Dish Chairman Charlie Ergen disputed arguments made Monday in Sprint's own letter to Clearwire’s board, saying its bid to designate at least three Clearwire directors does not violate Delaware law nor Clearwire's equity...
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.