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Aurelius Files Suit to Block Clearwire-Sprint Deal [telecom]
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Bill Horne
May 12, 2013, 9:53:19 PM5/12/13
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Aurelius Files Suit to Block Clearwire-Sprint Deal
By Nathalie Tadena
Hedge fund Aurelius Capital Management LP has filed a lawsuit against
Clearwire Corp. (CLWR) and Sprint Nextel Corp. (S), claiming the terms
of the companies' proposed $2.2 billion merger are unfair to
Clearwire's minority shareholders. Aurelius alleges Clearwire's board
and Sprint violated their fiduciary duties to the wireless- broadband
provider's minority shareholders and called the proposed tie-up a
"coercive freeze-out merger."
http://www.advfn.com/nyse/StockNews.asp?stocknews=VZ&article=57345750
--
Bill Horne
(Remove QRM from my address to write to me directly)
By Nathalie Tadena
Hedge fund Aurelius Capital Management LP has filed a lawsuit against
Clearwire Corp. (CLWR) and Sprint Nextel Corp. (S), claiming the terms
of the companies' proposed $2.2 billion merger are unfair to
Clearwire's minority shareholders. Aurelius alleges Clearwire's board
and Sprint violated their fiduciary duties to the wireless- broadband
provider's minority shareholders and called the proposed tie-up a
"coercive freeze-out merger."
http://www.advfn.com/nyse/StockNews.asp?stocknews=VZ&article=57345750
--
Bill Horne
(Remove QRM from my address to write to me directly)
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