Clearwire delays shareholder vote on Sprint offer

Clearwire says it plans to delay a stockholder vote on Sprint's offer to buy the half of the wireless network operator that it doesn't already own.

. says a stockholder meeting that's scheduled for Friday will adjourn without conducting any business and will reconvene June 13.

In the meantime, Clearwire plans to talk with Englewood, Colo.-based Corp. about the satellite TV operator's latest bid for the company.

On Wednesday, Dish offered $4.40 per share in cash for Clearwire, valuing the company at $6.9 billion. Corp. bid $3.40 per share for the half of the company it doesn't own.

Dish Network's executive vice president of corporate development, Tom Cullen, said in a written statement Thursday that Dish is pleased the stockholder vote is delayed.


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Citation: Clearwire delays shareholder vote on Sprint offer (2013, May 31) retrieved 23 May 2019 from https://phys.org/news/2013-05-clearwire-shareholder-vote-sprint.html
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