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.
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