Sprint makes official offer to acquire Clearwire

[dedub]

Hmm, well I think there goes any promise of dish & sprint actually working together

[dedub]

http://boardvote.com/symbol/CLWR/communique/177491

[Rickie546]

From: http://finance.yahoo.com/news/sprint-issues-statement-clearwire-transaction-225500244.html

 

OVERLAND PARK, Kan.--(BUSINESS WIRE)--

Sprint (NYSE:S) today issued the following statement in response to Clearwire’s announcement that a special committee of Clearwire’s board of directors is considering a proposed transaction from DISH.

“Sprint believes its agreement to acquire Clearwire, which offers Clearwire shareholders certain and attractive value, is superior to the highly conditional DISH proposal.

“In contrast, the DISH proposal includes a series of interdependent commercial agreements, debt and equity purchases and spectrum sales, which together with the other conditions required by DISH to complete the transaction, makes the proposal not viable. In addition, the DISH proposal would require Sprint to voluntarily waive rights that it holds as a stockholder of Clearwire and that it possesses through various vendor and customer contracts that significantly predate Sprint’s proposed acquisition of the remainder of Clearwire. Sprint does not intend to waive any of its rights and looks forward to closing the transaction with Clearwire and helping consumers across the country realize the benefits of this combination.”

[Kevster1321]

They deal sounds fishy to me.

[WiWavelength]

Hmm, well I think there goes any promise of dish & sprint actually working together

 

Not necessarily. Ergen could be trying to extract better hosting terms from Sprint in exchange for dropping the unsolicited bid for Clearwire.

 

AJ

[Rickie546]

Not necessarily. Ergen could be trying to extract better hosting terms from Sprint in exchange for dropping the unsolicited bid for Clearwire.

 

AJ

 

Very good point AJ, but if the current contract has things in there about sale and spectrum and such, plus Sprint owns 51% of it, they can vote it down no matter what, but what your saying makes sense for Sprint to get even more spectrum. What band is Dish's spectrum in??

[dedub]

Not necessarily. Ergen could be trying to extract better hosting terms from Sprint in exchange for dropping the unsolicited bid for Clearwire.

 

Perhaps, but that really seems like trying to attract flies with vinegar instead of honey.

[WiWavelength]

Perhaps, but that really seems like trying to attract flies with vinegar instead of honey.

 

When Charlie Ergen comes to mind, do you think more "vinegar" or "honey"?

 

 

AJ

[forestdak]

http://apps.fcc.gov/ecfs/document/view?id=7022130373

 

Not much new, but lawyers working their magic (hopefully).

[Ryan]

When Charlie Ergen comes to mind, do you think more "vinegar" or "honey"?

 

 

AJ

 

 

I think of apple cider vinegar with a side of horse radish...aboslutely disgusting. almost as bad as mayonaise!!! :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: