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Clearwire Corporation (NASDAQ:CLWR)’s Shareholders Looking To Block Sprint Nextel Corporation (NYSE:S) – CLWR, S, CSX, CMCSA

on 11/01/2013

NEW YORK, JANUARY 11, 2013 — (Net PR News) – Clearwire Corporation (NASDAQ:CLWR)’s stakeholders 8% of voting rights are in opposition to the possibility of Sprint Nextel Corporation (NYSE:S) buying the remaining stake in the company. Additionally, the undeclared equity holders have approximately 29% of the stake in CLWR.

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Previously, a suit was filed requesting a Delaware judge place a legal blockade in the way of Sprint’s acquisition of Clearwire Corp was placed by Crest Financial Ltd., but this suit was rejected on Thursday. The suit identified Clearwire Corporation’s (NASDAQ:CLWR) management as culprits because they accepted a much lower offer of $2.97 a share from Sprint Nextel Corp.

DISH Network Corp. (NASDAQ:DISH) is also looking to get their hands on the “for sale” company.

Clearwire Corporation(NASDAQ:CLWR) closed at the price of $3.15, whereas its previous closing was recorded at $3.13. The stock traded within the range of $3.12 – $3.17 and its 52week range remained in between $0.83 – $3.40. The stock has the total volume of 17.83 million shares, while its average volume was 30.49 million shares for the last 3 months as compared to the market capitalization of $4.61billion.

Can CLWR Extend this Massive Gain/Losing Stream? Find Out in This Trend Analysis Report

Clearwire Corporation(NASDAQ:CLWR) has the total of 1.46 billion outstanding shares as compared to 517.73 million shares that were floated in the market.

Sprint Nextel Corporation(NYSE:S) percentage change climbed +1.02% to close at $5.94 with the total traded volume of 43.95 million shares, more than average volume of 34.60 million.

Its market capitalization is $17.85 billion and EPS was -$1.44. Its beta value stands at 1.06 times. Its shares were trading within the range of $5.86-$5.94 while its opening price was $5.90.

How Should Investors React To Sprint Nextel Now? Find Out in this Trend Analysis Report

 CSX Corporation(NYSE:CSX) experienced no change to close at $20.54. Its total traded volume during the last trading session was 20.69 million shares. The Company’s 5 years revenue rate remained 4.19%. The total market capitalization is $21.18 billion. It gained 21.69% return on Equity, 7.13% return on Investment and 6.44% return on Assets.

Get a free report and detailed analysis on CSX Click Here to read

Comcast Corporation(NASDAQ:CMCSA) climbed+0.21% to close at $38.50 with the total traded volume of 10.49 million shares, with the average volume of 11.68 million. Its shares were trading within the range of $38.25- $38.76, while its opening price was $38.65. Its market capitalization is $102.30 billion. Its stock price 52 weeks low was $25.15 and 52 weeks high price was $38.76.


Will CMCSA continue moving higher? Find out where CMCSA is headed next with a FREE TREND ANALYSIS REPORT

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Source: Fast Moving Stock Posted Fri, January 11, 2013 14:30 - Permalink