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Clearwire Corporation (CLWRD) Message Board

  • indano indano Jul 3, 2013 8:41 AM Flag

    CREST signs make-whole agreement - stage is set: Winner Take ALL

    With FCC presumed sign-off and CLWR holders bundled, we are at a juncture where Google, Apple or ANY larger player may now bid for the Whole Enchilada.
    Between now and the 8th...... tick......tick.........tick
    Pursuant to the terms of the Voting and Sale Agreement, if the sale under the Voting and Sale Agreement occurs and at any time prior to the one-year anniversary of the consummation of such sale, Sprint or any of its affiliates acquires all, but not less than all, of the outstanding shares of Common Stock not held by Sprint or any of its affiliates, whether by merger, tender offer, purchase or other similar transaction at a price per share of Common Stock in excess of the price paid in the sale under the Voting and Sale Agreement, then Sprint shall pay to the Crest Stockholders, for each share of Common Stock purchased, the difference between the price per share of Common Stock paid in the sale under the Voting and Sale Agreement and the price per share of Common Stock paid in the subsequent transaction.

    from the McCaw play book.......at a price per share of Common Stock in excess of the price paid in the sale under the Voting and Sale Agreement, then Sprint shall pay to the Crest Stockholders, for each share of Common Stock purchased, the difference between the price per share of Common Stock paid in the sale under the Voting and Sale Agreement and the price per share of Common Stock paid in the subsequent transaction.

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