|
|
Browse by Tags
All Tags » S (RSS)
-
Sprint Nextel Corp.'s barely day-old lawsuit against Dish Network Corp. takes the company to task for allegedly botching its dreams of acquiring wireless asset-rich Clearwire Corp.
But the complaint also puts a lot of the blame on the purchase target itself, painting an unflattering picture of Clearwire's (Nasdaq: CLWR) board and shareholders.
They're apparently easy to dupe, if you believe Sprint's (NYSE: S) accusations.
Sprint's petition mentions Dish's ability to fool (fool, fooled or fooling)…
|
-
 Dish Network Corp. said Tuesday that it saw through Sprint Nextel Corp.'s new lawsuit as a way to exploit its position as a majority shareholder of Clearwire Corp.
On Monday, Overland Park-based Sprint (NYSE: S) asked a judge to block Dish's attempts to buy a 25 percent stake in Clearwire for $4.40 a share.
Sprint is challenging the legality of Dish's offer, saying that it would give the Colorado-based satellite TV service certain veto and other governance rights that violate Sprint's rights as…
|
-
Sprint Nextel Corp. doesn’t expect layoffs if SoftBank Corp. succeeds in acquiring the Overland Park wireless carrier.
That’s the message Sprint (NYSE: S) sent to employees in a Friday memo.
“SoftBank has a track record of acquiring and supporting companies during a turnaround without conducting employee reductions,” Sprint said. “We believe this transaction will position Sprint to grow and create new jobs.”
The memo also addressed questions about effects on pay, pension benefits and…
|
-
 You can't accuse Sprint Nextel Corp. of not keeping detailed records.
The Overland Park-based wireless carrier (NYSE: S) released a slide presentation to investors this week, outlining all of the acquisition meetings and haggling that have transpired between Sprint and Dish (Nasdaq: DISH) in the past few months.
Sprint's account of the negotiations indicates that Dish hasn't made it easy for Sprint to take action on a merger offer — the reasoning CEO Dan Hesse gave when revealing that Sprint…
|
-
Clearwire Corp. has shoved its majority shareholder's acquisition offer to the side, backing Dish Network Corp.'s bid to buy the company for $4.40 a share.
Clearwire laid out its support of Dish's offer in more detail in this filing with the Securities and Exchange Commission on Wednesday.
Dish described Dish's offer as in the "best interest of Class A stockholders" in a Wednesday afternoon announcement.
Clearwire (Nasdaq: CLWR) shareholders were set to vote on Sprint Nextel Corp.'s (NYSE: S)…
|
-
Sprint Nextel Corp. cutting off merger talks with Dish Network Corp. is a good thing for Kansas City — according to tweets we're seeing in response to Tuesday's news.
Sprint CEO Dan Hesse said the Overland Park-based wireless carrier (NYSE: S) has "terminated" negotiations with Dish (NYSE: DISH), which is floating a $25.5 billion offer for Sprint.
Hesse said it's unlikely the chats would result in a deal that’s better than SoftBank's recently upped bid of $21.6 billion.
While a lower dollar…
|
-
Clearwire shareholders are set to make a key decision in Sprint Nextel Corp.’s future on Thursday in Bellevue, Wash.
They’ll decide whether to let the Overland Park wireless carrier (NYSE: S) absorb it and its precious wireless infrastructure, possibly ending months of negotiating and speculation surrounding the deal that is key to Sprint’s future growth.
But leading up to the vote, disgruntled shareholders still are fighting a Sprint union, and Clearwire (Nasdaq: CLWR) is juggling a higher…
|
-
 SoftBank Corp.’s higher bid for Sprint Nextel Corp. appears to have made shareholder litigation a moot point.
On Tuesday, a Johnson County judge said he would hold off on making a ruling in a temporary injunction sought by disgruntled Sprint shareholders attempting to delay a planned Wednesday vote on the SoftBank transaction.
Sprint shareholders wanted more time for Overland Park-based Sprint (NYSE: S) to consider a competing $25.5 billion offer from Dish Network Corp. (NYSE: DISH).
But Sprint,…
|
-
 Don't let the door hit you on the way out.
Is that the message AT&T Inc. is sending Sprint Nextel Corp. with its new walkie-talkie-like mobile service for business customers?
As Overland Park-based Sprint (NYSE: S) phases out its Nextel network this summer, AT&T (NYSE: T) is moving in, providing push-to-talk service to its corporate iPhone clients.
This Associated Press report points out that the walkie-talkie-like service is a "hallmark" of Sprint's 2G iDEN, or Nextel network.
The Nextel network…
|
-
On Wednesday, Missouri Gov. Jay Nixon vetoed a bill designed to cut corporate income tax, backed by powerful support from the Civic Council of Greater Kansas City.
The Civic Council, an exclusive group of civic and business leaders from the Kansas City area, counts Sprint Nextel Corp. (NYSE: S) CEO Dan Hesse and Hallmark Cards Inc. CEO Donald Hall Jr. among its members.
So why is a group of wealthy Kansas City employers speaking out against lower taxes? Civic Council Chairman Hall explained its…
|
-
 Dish Network Corp. may not have the best reputation in Kansas City, coming off as the thorn in Sprint Nextel Corp.'s side as it tries to clinch a highly-watched merger with SoftBank Corp.
But Dish may be trying to change that.
We've learned that Dish (NYSE: DISH) is scouting the area for a public relations representative to help boost its image in Overland Park-based Sprint's (NYSE: S) backyard.
We know of at least one unnamed local who Dish contacted for the job.
Dish spokesman Bob Toevs confirmed…
|
-
The clock is ticking on a global wireless carrier transaction that will mean volumes for Kansas City — it's just not clear which clock to watch.
You need a pencil with a fat eraser these days to plot out the merger-and-acquisition timeline of the Sprint Nextel Corp.-SoftBank Corp.-Clearwire Corp. saga.
Overland Park-based Sprint (NYSE: S) owes much of that eraser to the wild card in this drama — Dish Network Corp.
The satellite TV service in Colorado is simultaneously pursuing Tokyo-based…
|
-
 Dish Network Corp.'s proposed acquisition of Clearwire Corp. is "not actionable," Sprint Nextel Corp. claimed Monday.
Sprint (NYSE: S) CEO Dan Hesse fired off an accusation-heavy letter Monday morning to Clearwire's (Nasdaq: CLWR) board, detailing how Dish's offer of $4.40 a share allegedly violates Delaware law.
Hesse also said parts of Dish's bid, which came last week on the heels of Sprint's revised bid of $3.40 per share for Clearwire, violated the rights of the Clearwire Equityholders' Agreement,…
|
-
 Dish Network Corp.'s last-minute offer for Clearwire Corp. has put consideration of a union with Sprint Nextel Corp. on ice for the time being.
Clearwire Corp. said Thursday night that it's holding off on taking a vote on a merger with Sprint.
The Washington company also is holding off on accepting any money from Sprint in the immediate future.
Clearwire shareholders were set Friday to consider a union with Overland Park-based Sprint (NYSE: S), which recently increased its bid of $3.40 a share…
|
-
Bidding war or not — the stock of Sprint Nextel Corp.’s acquisition target, Clearwire Corp., soared Thursday as a competing suitor upped the stakes in the race for the Washington technology company.
Around 1:30 p.m., Clearwire (Nasdaq: CLWR) stock was up more than 26 percent.
Late Wednesday, Dish Network Corp. (Nasdaq: DISH) increased its offer to buy Clearwire from $3.30 a share to $4.40 a share, exceeding Sprint Nextel Corp.’s (NYSE: S) recently revised bid of $3.40 a share.
While CEO…
|
|
|
|