Breaking News

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Sprint Says DISH Proposal for Clearwire Is Illegal

Sprint Says DISH Proposal for Clearwire Is Illegal

Smartphones Jun 3,2013 0

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.

Tags: SprintClearwire
Previous Post
Intel Introduces Dual-core Haswell Chips, Atom SoCs For Tablets, Smartphones, Servers
Next Post
Zynga Founder Announces Structural Changes, Cost-reductions

Related Posts

  • T-Mobile Completes Merger with Sprint

  • T-Mobile Says it is Financially Prepared to Close the Sprint Merger

  • FCC Proposes Over $200 Million fines Against Wireless Carriers For Failing to Protect Consumer Location Data

  • T-Mobile and Sprint Announce Amend Their Business Combination Agreement

  • U.S. Federal Judge Allows Merger Between T-Mobile and Sprint

  • T-Mobile and Sprint to Protect Customers from Scam Calls

  • Sprint Will Repair Your Cracked Samsung Galaxy Screen for $49

  • Sprint Releases Free Service to Help Customers Stop Robocalls, Telemarketers and Spam

Latest News

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU
Enterprise & IT

SAMA Introduces the S32 WOOD, a Compact M-ATX Case Bundled with an 80 PLUS Gold PSU

Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens
Cameras

Thypoch Completes Simera-C Cine Prime Lineup with New 100mm T1.9 Lens

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency
PC components

CORSAIR Launches the RM1200e Power Supply with Built-in PinProtect GPU Overcurrent Protection and Platinum-certified Efficiency

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series
Gaming

CORSAIR Changes the Game with PureVector, a Science-Based Personalized Aiming Technology, Launching Exclusively in the SABRE v3 PRO PureVector Mouse Series

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices
GPUs

AMD FSR Upscaling 4.1 Boosts Frames and Image Quality on More Devices

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

SoundPeats Cove Pro

SoundPeats Cove Pro

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

Akaso Brave 8 Lite

Akaso Brave 8 Lite

SoundPeats C30

SoundPeats C30

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed