May 23- SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal.
WASHINGTON/ NEW YORK, May 22- Dish Network Corp is ramping up its Washington- centric campaign to thwart Japanese firm SoftBank Corp's bid for Sprint Nextel Corp, hoping to convince lawmakers and government reviewers that it poses national security risks.
*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 $2.97 per share.
AT&T Inc. fell$. 32 or. 9 percent, to $36.62. Sprint Nextel fell$. 09 or 1.2 percent, to $7.30. Verizon Communications Inc. fell$. 60 or 1.2 percent, to $51.47.
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 $3.40 per share offer to buy the company was still too low.
May 22- Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
AT&T Inc. rose$. 09 or. 2 percent, to $37.03. Sprint Nextel fell$. 04 or. 5 percent, to $7.35. Verizon Communications Inc. rose$. 05 or. 1 percent, to $52.12.
AT&T Inc. fell$. 09 or. 2 percent, to $36.85. Sprint Nextel fell$. 01 or. 1 percent, to $7.38. Verizon Communications Inc. fell$. 15 or. 3 percent, to $51.92.
NEW YORK, May 22- Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal.
NEW YORK, May 22- Clearwire Corp said on Wednesday its special committee and its board of directors approved majority shareholder Sprint Nextel Corp's revised offer to take over the company and advised investors to vote for the deal.
AT&T Inc. fell$. 28 or. 8 percent, to $36.94. Sprint Nextel rose$. 10 or 1.4 percent, to $7.39. Verizon Communications Inc. fell$. 67 or 1.3 percent, to $52.07.
May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors.
May 21- Major Clearwire Corp shareholder Crest Financial on Tuesday said it was opposed to Sprint Nextel Corp's newly raised bid for the company. Crest also protested Clearwire's decision to postpone a shareholder vote, which had been scheduled for Tuesday. Crest has been soliciting proxies to oppose the deal.
AT&T Inc. fell$. 32 or. 9 percent, to $36.90. Sprint Nextel rose$. 10 or 1.3 percent, to $7.39. Verizon Communications Inc. fell$. 56 or 1.1 percent, to $52.18.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell. 9 percent to $4.07 with 23,047,800 shares traded. Bank of America Corp. fell. 4 percent to $13.46 with 65,492,500 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.