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Clearwire Corporation (CLWRD) Message Board

  • mr_whigglee mr_whigglee May 10, 2013 1:31 PM Flag

    The Dish bid at 3.30 is still in play..

    Doesn't Clwr have to accept or reject it before the proxy vote?

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    • They don't really accept or reject, they recommend right? They should however be negotiating for a better offer, however until the vote is completed and returns as a "NO", they ceded their right to consider better offers. They however attempted to show some public fiduciary by saying they would review the unsolicited offer. That means the DISH offer was read but not considered or thought about..hence no BoD action was proposed or required. Why do you think we have heard nothing about actual deliberations or counter offers by our Special (sic) Committee? It is one of the problems with having a loaded BoD.

      You are asking about the exact issue that many have mentioned...lack of fiduciary responsibility which both Sprint and Clearwire believe is acceptable because of the operational contracts they used to take minority shareholder value.

    • Probably not, inconsistency is one of their strengths.

      "The positions taken with respect to the merits of the Sprint/SoftBank and Sprint/Clearwire transactions
      present diametrically opposed evaluations of the utility of 2.5 GHz frequencies for deploying and operating mobile broadband services and attribute dramatically different values to this spectrum that differ by factors of
      between three and ten times. Sprint and Clearwire adopt mutually inconsistent positions on this question
      depending on which audience they are addressing, i.e., a low valuation of the utility of 2.5 GHz spectrum when
      submitting arguments to the FCC, and implicitly a much higher valuation in investor presentations, industry
      conferences and many other public forums. Most egregiously these contradictory or irreconcilable statements
      are publicized simultaneously, perhaps in the hope or the assumption that fundamental inconsistencies between them will be overlooked by the FCC and the other audiences to which they are presented."

 

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