The vote, originally scheduled for Friday, has been pushed back to June 13. On Wednesday, Dish boosted its offer for Clearwire, just two days before shareholders were set to vote on Sprint’s competing proposal. The latest offer of $4.40 per share represents a 29 percent premium over Sprint’s last-and-final offer of $3.40.
Clearwire’s “Special Committee,” which still is holding its recommendation to accept Sprint’s bid, noted that Dish’s new offer “appears to be more actionable than DISH’s previous proposal.”
On Wednesday, the proxy advisor firm Glass Lewis & Co. recommended that Clearwire investors reject the Sprint deal. One day earlier, Crest Financial, which holds eight percent of Clearwire’s stock, claimed that Clearwire “stacked the deck” in Sprint’s favor.