Wireless service provider Clearwire Corp's largest minority shareholder Crest Financial Ltd filed a proxy statement which, if cleared by the U.S. regulators, will be used to urge Clearwire stockholders to reject its proposed merger with Sprint Nextel Corp. Crest Financial offered Clearwire $240 million last week in debt financing - an alternative to what Sprint has offered."The filing of Crest's proxy statement is the next step in our ongoing effort to block Sprint's unfair merger offer and we are optimistic that we can do so," said Crest's general counsel David Schumacher in the proxy statement. ()Sprint offered to purchase Clearwire for $2.2 billion in December. Clearwire has taken $160 million in financing from Sprint this year.Clearwire, however, said it was still reviewing a $3.30 per share offer from satellite TV provider Dish Network Corp .
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 1.24% or $0.45/share to $36.69. In the past year, the shares have traded as low as $26.12 and as high as $38.44. On average, 2539670 shares of DISH exchange hands on a given day and today's volume is recorded at 1259711.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.48% or $-0.03/share to $6.25. In the past year, the shares have traded as low as $2.30 and as high as $6.33. On average, 35739100 shares of S exchange hands on a given day and today's volume is recorded at 34743472.
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