Clearwire Shares Gain, Bonds Steady, After Sprint Raises Bid For Co. |
| May 21, 2013 | May 2013 Bond Updates |
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Clearwire shares advanced this morning, though the company’s bonds are steady at inflated levels, after majority shareholder Sprint Nextel upped the takeover ante in the face of a competing bid by Dish Network. CLWR shares gained roughly 5%, to $3.42, though the company’s 14.75% first-lien bullet notes due 2019 maintained levels just short of 140, according to sources and trade data. |
| View more at: http://www.forbes.com/sites/spleverage/2013/05/21/clearwire-shares-gain-bonds-steady-after-sprint-raises-bid-for-co/ |
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