Monday, May 04, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Launches Open Internet.org Platform
HP Revamps Its Desktop PC Offerings, Releases New 4K Display
Samsung Galaxy S6 Smartphones Have Memory Leak Problems
Cry Engine, Final Fantasy Direct X 12 Demos Impressed BUILD
Telecom Companies Seek Stay of FCC's Internet Regulations
Seagate Combines Cloud Storage Systems, High Performance Computing and Electronic Solutions Groups
Microsoft Releases Windows 10 for IoT Devices
LinkedIn Sees Slow Growth
Active Discussions
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
burning
 Home > News > Mobiles > Sprint ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, June 03, 2013
Sprint Says DISH Proposal for Clearwire Is Illegal


Sprint has sent a letter to the Clearwire Board of Directors noting that the DISH proposal to acquire Clearwire is "not actionable."

Sprint claims that certain provisions of the proposal "violate Delaware law, Clearwire's certificate of incorporation or the rights of the parties to the existing Clearwire Equityholders' Agreement (EHA), including Sprint."

In its letter, Sprint noted that several rights demanded by DISH, including a contractual agreement to designate at least three Clearwire Board members and the right to veto certain Clearwire actions are violations of the EHA or Delaware law. Likewise, the DISH proposal calls for Sprint to effectively give up certain of its rights and ignores the requirement that Sprint and other EHA holders must consent to the rights DISH has required as a condition to its tender offer. Sprint noted that it will not vote in favor of the proposal, tender its shares in the offer or waive any of its rights as a stockholder or under the EHA.

Sprint intends to enforce its legal and contractual rights, which are fundamental to investments it made.

Dish Network last week improved its buyout offer for Clearwire to $4.40 per share, valuing the wireless service provider at $6.5 billion and topping Sprint's bid.

Sprint already owns just over 50 percent of Clearwire's shares and had previously increased its offer to $3.40 per share.


Previous
Next
Intel Introduces Dual-core Haswell Chips, Atom SoCs For Tablets, Smartphones, Servers        All News        Zynga Founder Announces Structural Changes, Cost-reductions
Qualcomm Integrates 3G/4G LTE into Qualcomm Snapdragon 400 Processors For Smartphones     Mobiles News      iOS and Windows Are Growing Faster Than Android: report

Get RSS feed Easy Print E-Mail this Message

Related News
RadioShack Reaches Asset Purchase Agreement with Sprint To Acquire Its Stores
Sprint To Take Over RadioShack Stores: report
Sprint Takes On AT&T, Verizon With Half-Price Promotion
AT&T, Sprint Start Offering the Nexus 6
Sprint To Cut More Jobs
Sprint Now Offer $20, 1GB Family Data Plan
Sharp AQUOS Crystal Now Available From Sprint
Verizon Sprint And T-Mobile Announce new iPhone Plans
Sprint Cuts Rates
Sprint Abandons T-Mobile bid, T-Mobile Rejects Iliad's Offer
Sprint Closer to T-Mobile Acquisition
Sprint Said to Plan T-Mobile Bid

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .