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Clearwire Investor Taran Seeks Higher Bid
Posted: 18-Jan-2013 [Source: Bloomberg]

[Clearwire investors want a higher bid from Sprint and ask the FCC to block the sale because it undervalues the spectrum.]

Scott Moritz & Alex Sherman -- "More Clearwire Corp. (CLWR) shareholders have joined the chorus of investors asking Sprint Nextel Corp. (S) to raise its bid for the wireless-network operator after a counteroffer from Dish Network Corp. (DISH)

Glenview Capital Management, which owns about 28 million Class A shares, plans to reject Sprint’s current offer, according to a person with direct knowledge of the situation. Taran Asset Management, another Clearwire investor, will file a complaint with the Federal Communications Commission, arguing that Clearwire is worth more than Sprint’s bid, said Chris Gleason, a principal at the New York-based firm."

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