"Clearwire today sent a letter to its shareholders regarding Sprint's take-over offer. Sprint offered to purchase the remaining 49% of Clearwire that it doesn't already own for $2.2 billion. The offer has met with stern disapproval from several large Clearwire shareholders. In today's letter, Clearwire explained that its board evaluated Sprint's offer thoroughly against various other options and concluded that Sprint's offer was not only a fair offer..."
Source: http://www.phonescoop.com/articles/article.php?a=12318