Clearwire to offer 46.4M shares of common stock by Time Warner Cable affiliates

theflyonthewall.com

Clearwire Corporation (CLWR) announced the commencement of an underwritten public offering of 46.4M shares of its Class A common stock by certain affiliates of Time Warner Cable (TWC), which represents approximately 7.8% of the total outstanding Class A common stock and approximately 3.2% of the total outstanding Class A common stock and Class B common stock. Credit Suisse Securities is acting as the sole underwriter for the offering. Clearwire will not receive any proceeds from the sale of the shares being sold by the selling stockholders.

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