21-Dec-10 09:08 ET S Sprint Nextel files for mixed securities shelf offering
could be your on to something....pete
Could be to raise cash for upcoming $1.65B in debt due. Or buy CLWR debt. Or combination of both.Could be to buy the 46% of CLWR that Sprint doesn't already own.Could be to speed up network upgrades.Could be to raise cash to avoid BK within the next 18 months because DT backed out of a potential buyout.Could be to scare shareholders out of shares and knock the stock price down for a DT buyout.
Mixed securities shelf price and amount will be decided at the time of offering. So it is kind of open-ended option.. interesting
what the heck is that....i do not know...pete
not good news
"Under a mixed securities shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. They may sell common and preferred stock as well as debt securities."