Dish ups offer for Clearwire AGAIN!!
»
news.cnet.com/8301-1035_ ··· 1_3-0-20 Dish Network has upped the ante in its bid to acquire Clearwire, an escalation of its bidding war with Sprint Nextel over the wireless broadband provider.
A week after Sprint boosted its offer to $3.40 a share for the 50 percent of the company it does not currently own, the satellite TV provider countered on Wednesday with an offer of $4.40 per share in cash, a 29 percent premium over Sprint's offer. Dish will officially tender the offer before the Clearwire shareholders meeting on Friday, where a vote on Sprint's offer is planned.
"The Special Committee of Clearwire's board of directors has received Dish Network's offer and will review it to determine the best course of action for the company and its stockholders," the company said in a statement. "The Special Committee has not made any determination to change its recommendation of the current Sprint transaction."