Clearwire shareholder meeting rescheduled after Dish improves its offer

Dish's interesting attempt to acquire its way into the wireless data business has taken another turn this evening, thanks to a new development in its bid for Clearwire. Dish upped its offer to $4.40 per share for all of the company's outstanding shares earlier this week, and the Clearwire board seems interested. Originally scheduled to take place Friday morning, the meeting is now set for June 13th so the board can discuss Dish's offer, and how it compares to Sprint's $2.2 billion / $3.40 per share bid for the 50 percent of Clearwire it does not yet own. The new bid is apparently more "actionable" than Dish's previous proposal, and could also complicate Softbank's attempt to acquire Sprint which Dish is also trying to intercept. Hit the links below for all the business details while we wait for the various bords and committees to figure out what happens to these companies next.

Filed under: Wireless, Mobile, Sprint

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Source: http://www.engadget.com/2013/05/31/clearwire-shareholder-meeting-rescheduled-after-dish-improves-it/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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