DISH Network Corp. (DISH) announced that DISH Acquisition Holding Corporation, a Delaware corporation and a wholly owned subsidiary of DISH, has commenced a tender offer to purchase all outstanding shares of Class A Common Stock of Clearwire Corp. (CLWR), including any shares of Class A Common Stock issued in respect of outstanding shares of Class B Common Stock, for $4.40 per share. The tender offer is scheduled to expire on June 28, 2013.
The Special Committee of Clearwire Board said, while the new DISH proposal raises issues that need to be discussed with DISH, the proposal appears to be more actionable than DISH's previous proposal, and the Committee intends to issue its recommendation in due course.
Clearwire said it plans to adjourn Special Meeting of its Stockholders, which is scheduled to be held on May 31, 2013, without conducting any business. The Special Meeting will reconvene on June 13, 2013.
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