Large number of Clearwire minority shareholders on-board with the deal
Sprint announced today that it has entered an agreement to buy the half of Clearwire that it does not already own for $5 per share, beating Dish's current offer by $0.60 per share. The revised deal values Clearwire at $14 billion, represents a 47-percent increase over Sprint's previous offer of $3.40 per share and a 285-percent premium over Clearwire's stock price the day before Sprint and SoftBank confirmed acquisition talks in October 2012. The new offer is a win all-around for stockholders of Clearwire looking to get top dollar on their shares, a large number of which have now voiced their support.
Sprint claims that several large investors totaling 9-percent of Clearwire's voting shares have committed to the new offer, as have Comcast, Intel and Bright House Networks (which hold another 13-percent). The aforementioned groups together with Clearwire's directors and officers represent 45-percent of the company's voting shares not controlled by Sprint, and have agreed to vote for the deal. Combine those votes with the other shareholders who have previously voiced approval for the Sprint-SoftBank acquisition and Sprint expects to get a majority of Clearwire shareholders to approve its deal in the end.
     |
Bar Refaeli
Malin Akerman
Mila Kunis
No comments:
Post a Comment