WASHINGTON, May 24- An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel, warning it could expose the United States to Chinese cyber attacks.
*Clearwire says Sprint offer best option, sets May 31 vote. Clearwire announced its decision to support majority shareholder Sprint a day after Sprint raised its offer for the almost 50 percent of the company it does not already own to $3.40 per share from $2.97 per share.
NEW YORK, May 22- Four big Clearwire Corp investors with 127.4 million shares of the wireless service provider said on Wednesday they believe Sprint Nextel Corp's revised $3.40 per share offer to buy the company was still too low.
Cisco Systems Inc. fell. 7 percent to $23.85 with 22,100,800 shares traded. Clearwire Corp. fell. 7 percent to $3.38 with 38,395,800 shares traded. Facebook Inc. fell. 8 percent to $25.46 with 19,868,000 shares traded.
NEW YORK, May 22- Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal.
NEW YORK, May 22- Clearwire Corp said on Wednesday its special committee and its board of directors approved majority shareholder Sprint Nextel Corp's revised offer to take over the company and advised investors to vote for the deal.
May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.
May 21- Major Clearwire Corp shareholder Crest Financial on Tuesday said it was opposed to Sprint Nextel Corp's newly raised bid for the company. Crest also protested Clearwire's decision to postpone a shareholder vote, which had been scheduled for Tuesday. Crest has been soliciting proxies to oppose the deal.
Cisco Systems Inc. fell. 6 percent to $23.80 with 23,250,500 shares traded. Clearwire Corp. rose 4.9 percent to $3.42 with 29,710,900 shares traded. DryShips Inc. rose 4.1 percent to $2.26 with 11,472,400 shares traded.
May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share, but the new bid was not high enough to impress some investors. Clearwire shares almost immediately traded around the new offer price, having consistently traded well above the old $2.97- per-share bid.
May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share, though some investors and analysts said the new bid was still not enough to overcome staunch opposition. Sprint's revised bid values Clearwire at $10.7 billion.
May 21- Sprint Nextel Corp said on Tuesday it raised its buyout offer for wireless service provider Clearwire Corp 14 percent to $3.40 per share, just hours before shareholders were set to vote on the company's original offer.
May 21- Sprint Nextel Corp said on Tuesday it raised its buyout offer for wireless service provider Clearwire Corp 14 percent to $3.40 per share, just hours before shareholders were set to vote on the company's original offer.
*Clearwire shareholders to vote on Sprint buyout May 21. NEW YORK, May 17- Minority shareholders of Clearwire Corp are expected to vote down a buyout offer from Sprint Nextel Corp next week and force the No.3 U.S. wireless company to cough up more cash for control of Clearwire's valuable spectrum.
NEW YORK, May 13- The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3 G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion leveraged buyout of BMC Software, have one common link: Kirkland& Ellis LLP.
NEW YORK-- Clearwire Corp., which operates a wireless data network, on Monday said a second shareholder advisory firm, Egan-Jones, has endorsed the buyout of minority shareholders by Sprint Nextel Corp..