Monday, December 17, 2012

Investopedia: Will A Sub-$3 Bid Get The Deal Done For Sprint?

When word came out last week that Sprint (NYSE:S) had approached Clearwire (Nasdaq:CLWR) with a $2.90 per share cash bid, the common reaction was that Sprint would have to do better. Well, Sprint has done better, and the Clearwire board has unanimously agreed, but I suspect that an extra 7 cents per share is not going to thrill Clearwire's investors.

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