fyi....saw this announcement. Also, how can it be only $2.90 when the company has cash of $1.1 billion? so the price really isn't $2.90, its more like $1.20 which is below book value
December 13, 2012
New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to represent Clearwire shareholders in connection with the acquisition of the remaining shares by Sprint that it does not already own for only $2.90 per share. Sprint owns over 50% of Clearwire's stock.
The lawsuit seeks to challenge the fairness of this price and process through which Sprint has made an unfairly low offer for its own self interests. If you are a shareholder of Clearwire and would like additonal information as to how you can participate in this lawsuit to seek a greater amount for your shares at no cost please contact us toll free at 877-772-3975