Dish Network Corp. (DISH) on Monday announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in connection with the tender offer by Dish Acquisition Holding Corp., a subsidiary of DISH Network, 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.
Late last month, Dish raised its offer for Clearwire Corp. (CLWR) to $4.40 a share in cash. In early January, Dish offered to to acquire Clearwire for $3.30 a share along with some of its spectrum assets.
Last week, Clearwire said its board has recommended stockholders accept Dish Network's cash tender offer to acquire all outstanding common shares of the company at $4.40 per share. The company's board also unanimously recommended that stockholders reject the $3.40 per share Sprint Nextel Corp. (S) merger. Sprint already owns a 50.8% stake in Clearwire and is vying to acquire the remaining stake in Clearwire.
The Dish tender offer has been amended and now is set to expire at the end of July 2.
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