|Day's Range||8.37 - 8.59|
|52 Week Range||4.83 - 9.65|
|PE Ratio (TTM)||-28.15|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced. Sprint Corp acquired Clearwire in 2013 after a bidding war with Dish Network Corp pushed the price to $5 per share, valuing Clearwire at about $14 billion. After Clearwire shareholders approved the deal, an affiliate of Aurelius that had opposed the Sprint acquisition brought what is known as an appraisal action, asking a judge to determine fair value of the stock.
Summer is the time for huge blockbuster movies, but it’s also looking to be a time for huge mergers and acquisitions in the media industry. Since June, these five deals have been the subject of Wall Street’s ...
Despite Sprint's decision to pause merger talks, T-Mobile CEO John Legere said the company still has options. Sprint (NYSE: S) in late June entered into a two-month agreement with Comcast (CMCSA) and Charter Communications to discuss a potential wireless deal and put T-Mobile merger discussions on hold until July.