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If you purchased shares of the Clearwire Corporation (NASDAQ:CLWR) and currently hold any of those NASDAQ:CLWR shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
Dec. 13, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Clearwire Corporation (NASDAQ:CLWR) shares was announced concerning whether a takeover of Clearwire Corporation would be unfair to investors in NASDAQ:CLWR shares.
The investigation by a law firm is at an early stage and concerns whether a potential takeover would be unfair to NASDAQ:CLWR investors.
On December 11, 2012, several news reports stated that Sprint Nextel is said to be looking into a takeover of Clearwire Corporation. It is estimated that in a potential takeover Sprint Nextel would offer approximately $3.00 per NASDAQ:CLWR share.
However, at least one analyst has set the high target price for NASDAQ:CLWR shares at $5.00 per share. Furthermore, Sprint Nextel Corporation already owns approximately 51% of Clearwire Corporation shares.
Therefore the investigation a law firm concerns whether the Clearwire Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.
