Business

June 11, 2012 5:00 AM

Sprint reclaims shares of Clearwire it surrendered a year ago

Sprint Nextel Corp. has reclaimed 77.4 million class B voting shares of Clearwire Corp. that it surrendered a year ago to avoid possible liability for Clearwire’s debts. The deal sends $7.74 million to Clearwire, pricing the shares at their par value.

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