Sprint boosts buyout offer for Clearwire

OVERLAND PARK, Kan. (AP) ? Sprint says it has raised its buyout offer for the stake in Clearwire it does not already own by 14 percent.

Sprint Nextel Corp. said Tuesday that it is offering $3.40 per share for Clearwire Corp. Its previous offer, from December, was for $2.97 per share for the wireless data operator.

Sprint says this is its best and final offer. A vote on the previous offer had been scheduled for Tuesday.

A representative for Clearwire could not immediately be reached for comment Tuesday morning.

Sprint is Clearwire's only major wholesale customer, and uses its network to provide "Sprint 4G" service.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-05-21-US-Sprint-Clearwire/id-9818cc02c3c04c39b2be72114b60ddc3

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