Dish Network extended its tender offer of $4.40...
Dish Network extended its tender offer of $4.40 per share for Clearwire stock until July 2 unless it is extended further. It was previously scheduled to expire June 28 (CD May 31 p9). Colbent Corp., the depository for the tender…
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offer, advised that, as of June 11, “approximately 245,411 shares of common stock of Clearwire were validly tendered and not validly withdrawn from the tender offer,” Dish said in a news release Wednesday (http://bit.ly/13HoIoE). Clearwire recommended that stockholders accept Dish’s cash tender offer (http://bit.ly/12qn9PD). Sprint said it’s evaluating Clearwire’s statement and it will review any corresponding filings before determining its next steps. The wireless company “continues to have every intention of enforcing its governance rights,” it said in a press release (http://bit.ly/11ccQgj). Sprint filed an investor presentation that provides additional details on the due diligence process by Sprint’s special committee on Dish’s preliminary proposal to buy Sprint, Sprint said in a press release (http://bit.ly/19vC0LA). It also outlined its amended merger agreement with SoftBank, “which provides investors with additional cash consideration of $4.5 billion at closing,” it said. The presentation outlines what it said is the significant value provided to Sprint stockholders through the transaction.