Dish Network Corp has no immediate plans to disrupt Sprint Nextel Corp's deal to purchase the shares of Clearwire Corp it does not already own, despite Dish's unsolicited offer for Sprint, a source close to the matter said on Monday. On Monday Dish, the No. 2 U.S. satellite television provider, offered to buy Sprint for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.Sprint already owns nearly 51 percent of Clearwire. Under those companies' pending merger agreement, Sprint will pay $2.97 per share to buy the rest of Clearwire.In January, Dish trumped Sprint's offer for Clearwire, bidding $3.30 per share. That provided ammunition to investors such as Crest Financial Ltd, which argue that Sprint's offer undervalues the company.Dish Chief Executive Charlie Ergen told Reuters in an interview on Monday that his company has not formally withdrawn its offer for Clearwire but that it will honor the Sprint and Clearwire merger agreement.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH fell by 3.14% or $-1.18/share to $36.45. In the past year, the shares have traded as low as $26.12 and as high as $38.44. On average, 2558490 shares of DISH exchange hands on a given day and today's volume is recorded at 14746231.
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