Four minority shareholders with 127.4 million of Clearwire Corp's shares said they agreed to work together to seek a better deal for the wireless service provider, which agreed to be sold to majority owner Sprint Nextel Corp.Mount Kellett, Highside Capital Management, Glenview Capital Management and Chesapeake Partners Management Co agreed on Wednesday to band together to talk with Sprint, Dish Network Corp and other interested parties, according to a document filed with the U.S. Securities and Exchange Commission on Friday.The shareholders said they were unanimous in their belief that Sprint's December offer to purchase Clearwire for $2.97 per share was too low.Clearwire shares were up 3.4 percent at $3.39 on Nasdaq after the news.
Shares of DISH traded higher by 1.85% or $0.725/share to $40.00. In the past year, the shares have traded as low as $26.12 and as high as $40.34. On average, 3176820 shares of DISH exchange hands on a given day and today's volume is recorded at 853161.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 0.42% or $0.03/share to $7.13. In the past year, the shares have traded as low as $2.32 and as high as $7.35. On average, 65383300 shares of S exchange hands on a given day and today's volume is recorded at 13983670.
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