5/20/2013

Prominent Clearwire investors and analysts expressed confidence that shareholders will vote Tuesday to reject a proposal to sell outstanding shares unless partner Sprint Nextel raises its offer of $2.97 a share. Wall Street sent signals Friday that investors expect Sprint to strengthen its bid as Clearwire closed at $3.20. "The higher stock price means the majority of investors expect the vote to be no, and that another bid will come forward either from Dish or somewhere else," said Christopher King, a Stifel Nicolaus analyst.

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