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Monday, December 17, 2012

Sprint sweetens bid for Clearwire to $2.2 bln, (NYSE: S)

Sprint Nextel Corp raised its offer for Clearwire Corp by 7 cents per share to purchase the rest of the wireless service provider for $2.2 billion. Sprint, already the majority owner, will pay $2.97 per share for just under half of Clearwire.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S remained unchanged at $5.55. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 65806400 shares of S exchange hands on a given day and today's volume is recorded at 0.