The approval of a $3.40-a-share bid followed the board’s previous approval of a $2.97-a-share deal. A statement said the board determined Sprint’s offer is the “most favorable potential transaction” for the investors who own about 49 percent of Clearwire.
The approval of a $3.40-a-share bid followed the board’s previous approval of a $2.97-a-share deal. A statement said the board determined Sprint’s offer is the “most favorable potential transaction” for the investors who own about 49 percent of Clearwire.
Sprint Nextel Corp. on Tuesday opened its wallet a bit wider to gain full control of its longtime wireless network partner Clearwire Corp. and the valuable airwaves it owns. The Overland Park-based company also said Tuesday it would open its financial books for Dish Network Corp. and negotiate with the company on its buyout offer.
