Sprint Nextel Corp is looking to purchase Clearwire Corp stock it does not already own for $2.90 per share, it said in a regulatory filing. The deal, which values Clearwire at about $4.23 billion, is being evaluated by a special committee of Clearwire's board, Sprint said.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $5.66. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 66232900 shares of S exchange hands on a given day and today's volume is recorded at 0.
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