Sprint, which already owns 51.7 per cent of wireless broadband service provider Clearwire, has announced a deal to acquire the remaining (nearly) half in a deal that would pay $2.97 per share to that company's minority shareholders – a deal that is in no way a slam dunk. "Today we are announcing that the boards of directors of …
I think it's conditionally an OK offer.
What we need to see is how many of ClearWires shares on the market have turned over since October, to see if the minority stake that is out there has turned over in ownership in the last two months as the share price was growing so rapidly. Then we can start to figure out if the new owners will demand a premium to part with their shares that they bought at the higher price.
Where's that damn money icon??