Clearwire schedules Sprint takeover vote for May 21:

04/24/2013 | Bloomberg Businessweek · Wall Street Journal, The

Clearwire announced that its shareholders plan to vote on Sprint Nextel's buyout offer on May 21, amid mounting pressure from its largest non-Sprint-aligned investor to consider alternative options. In a letter to the wireless provider's board on Tuesday, Crest Financial termed Sprint's bid "coercive" and urged Clearwire to consider DISH Network's bid or Verizon Wireless' reported offer to acquire some of its spectrum.

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Bloomberg Businessweek · Wall Street Journal, The

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