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CHF Owner
Clearwire on Thursday announced that its board of directors is recommending that shareholders vote in favor of Sprint's recently revised takeover bid. The board's advisement is based on the unanimous recommendation of a special committee of independent directors assembled to review Sprint's offer. The deal would see Sprint pay Clearwire shareholders $5 per share for the remaining 50% of Clearwire stock that Sprint does not already own, and would value Clearwire at approximately $14 billion. Clearwire's press release follows below.Continue reading...
Via BRG - Boy Genius Report
