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Clearwire Corporation (CLWRD) Message Board

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  • gijason21 gijason21 Jan 2, 2013 3:00 PM Flag

    Why is it holding ~$2.89 if they offered $2.97?


    My guess would be that the market makers are keeping it here so when/if the deal does close, they'll make a profit on whatever shares they're stuck holding. Wouldn't make sense for them to have a fist full of these shares at $3.10, when they know they'll only get $2.97.

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