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Clearwire investors unlikely to get higher Sprint bid

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(Reuters) – Sprint Nextel Corp’s $2. 2 billion offer for Clearwire Corp is likely to face resistance from Clearwire’s minority shareholders, but accepting the offer may prove to be their best option. Clearwire Chief Executive Erik Prusch said the company could face a restructuring if shareholders fail to approve the acquisition, which calls for majority shareholder Sprint to pay $2. 97 per share for the roughly outstanding 50 percent of Clearwire it doesn’t already own. . . .

View full post on Tech News Headlines – Yahoo! News


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