The 4 (presumably you mean kellett's collaborative group of large, minority shareholders) are only signed on to Sprint's "current" bid.
If dish over-bid's sprint's $5 offer, they will re-evaluate just as clearwire's board did with dish's last overbid.
If DISH bids higher, Clearwire's BOD must approve it.. Sprint slapped their hands with the lawsuit that makes that highly unlikely.
By going with DISH's offer, CW's BOD has effectively cleansed themselves of claims of fiduciary irresponsibility. Sure, you and others will never be satisfied, however, the events have transpired and bulk of support behind the offer make dissenting investors opinions an outlier that can now be pushed aside. Its likely done and you should be glad you got $5.00 for a stock that had ventured down to 85c like a burning Phoenix not that long ago.
This is what I don't get either. In the article it said they have 45% of the non sprint. That is clearly enough to get the vote done, why change it? Maybe clearwire is actually looking for another higher bid from dish and wanted to give them more time? I would love to see the commitment the big 4 signed. Also it looks like they put a break up fee for clearwire in the new deal. Does that mean clearwire can cancel the sprint deal if dish come along with a better deal? How would that work if people have agreed to sell their shares.
just sharing 2 quotes from the businesswire article.
"stockholders owning approximately 45 percent of the Clearwire voting shares not affiliated with Sprint, have now agreed to vote their shares in support of the transaction"
"The transaction is subject to customary closing conditions, including regulatory approvals and the approval of Clearwire’s stockholders, including the approval of a majority of Clearwire stockholders not affiliated with Sprint or SoftBank."
It still has to go through the majority of the minority vote, of which crest, taran, kellet coalition, retail etc. are an integral part . Dish can counter with a knockout offer and end it.
Sentiment: Strong Buy