Clearwire's board has recommended its shareholders accept Dish Network's takeover offer over a rival bid by majority owner Sprint Nextel.
The wireless broadband provider announced Wednesday that its special committee had unanimously recommended Dish's offer of $4.40 per share in cash. Clearwire has scheduled a special meeting of stockholders for June 24, where a vote on Dish's offer is planned.
Dish welcomed the decision, asserting that its proposal offered the best value to Clearwire shareholders.
"We appreciate Clearwire's recognition of the superior value that our tender offer provides to its shareholders," Dish … Read more