Can Sprint buy CLWR without raising the current bid of $2.97?
Does Sprint have to match Dish offer of $3.30/share? Or will Sprint be able to go forward with the purchase at $2.97 without any legal implications? I wish Sprint will clarify this situation so that I can make my Sprint investment decision. I want to buy here but if Sprint has to offer a higher bid than DISH's current bid of $3.30, then I can see Sprint trading in $5.20 range. Say something Dan Hesse!
This is an interesting situation. Sprint already owns more than half of CLWR, so Sprint could just reject the DISH deal. So why did DISH even bother making a bid? What can DISH gain with a bid that can easily be rejected?
S does not have to do any thing w/ CLWR til it closes Softbank deal.
At deal closing we get $7.3 for 55% of S shares from soft bank.
After that S can deal w/ CLWR.Our 45% remaining shares or new S shares will come down from going price of S shares.
I am not worried after that,With $7.3 loot,I will buy more New S shares at lower price.