Proxy advisory firm Institutional Shareholder Services last Thursday urging of Clearwire Corporation (CLWR.O) shareholders to vote against the majority shareholder company Sprint Nextel Corp. (SN) $ 3.40 per share for the acquisition of Clearwire's stock has not himself.
ISS advisory issued the day after Clearwire's Board also recommended shareholders vote against the Sprint deal, and suggested that their competitors Dish Network Corporation (DISH.O) tender offer from $ 4.40 per share, rather than accept it.
The consulting firm said that it modifies its proposal for the Sprint deal, because they were offered food prices are "significantly higher than the cash consideration is being provided by Sprint," because Clearwire's board of directors has determined can do dishes transaction.
Sprint declined to comment on the proposal. Prior to that, the conditions attached to dish bid will enable Clearwire's impossible to accept it.
Clearwire shares closed up 10 cents, or 2 percent, $ 4.47.
 



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