Examples of Sprint Merger in a sentence
Consummation of the Sprint Merger itself caused T-Mobile US to exceed the current attributable spectrum holding threshold for all spectrum suitable and available for mobile wireless service in various counties.
Having already been fooled by an ostensibly higher bid into all but rejecting the Sprint Merger Agreement, Clearwire’s stockholders are now being coerced into either tendering their stock for $4.40 per share or being left holding shares in a company facing a tumultuous and uncertain future which will be made dramatically worse by the DISH Tender Offer.
Des Moines residents who feel better about their city become advocates for their community, said Doug Jeske, president of the Des Moines-based Meyocks Group.
Indeed, by making an Adverse Company Board Recommendation, Clearwire conceded that the DISH Tender Offer with the IRA and NPA qualifies as an “Acquisition Proposal,” as that term is defined in the Sprint Merger Agreement.
Sprint and Clearwire entered into an amendment to the Sprint Merger Agreement by which the consideration to be paid to Clearwire stockholders was increased to $3.40 per share.
After the announcement of the Sprint Merger Agreement, however, DISH feared that by solving Clearwire’s financial problems, a combination of Sprint and Clearwire would eliminate DISH’s negotiating leverage to acquire spectrum on the cheap, so DISH embarked on a plan to tank the merger.
On June 5, 2013, Clearwire advised Sprint that it intended to issue an Adverse Company Board Recommendation, as that term is defined in the Sprint Merger Agreement.
Despite its claims, Clearwire failed to negotiate with Sprint thereby breaching the Sprint Merger Agreement.
DISH did not care because its only goal was to ensure the downfall of the Sprint Merger Agreement and thereby gain leverage over Clearwire.
Before entering into the Sprint Merger Agreement, Clearwire sought to engage DISH in discussions, but DISH refused to negotiate and did not make a meaningful proposal.