Chorus of Clearwire investors against Sprint bid growing louder
NEW YORK (Reuters) – Investors holding 29 percent of the outstanding minority shares of Clearwire Corp are unhappy with Sprint’s $2. 2 billion bid for the wireless service provider and are pushing for a higher offer. Sprint, the No. 3 U. S. mobile service provider, announced on December 17 an agreement to acquire the outstanding shares of Clearwire it doesn’t already own for $2. 97 per share. While Sprint holds a more than 50 percent stake in Clearwire, the deal requires approval from holders of just over 50 percent of Clearwire’s minority shares. . . .
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