By: Benzinga
Clearwire Rallies on Sprint Bid
Shares of Clearwire (NASDAQ: CLWR ) gapped higher, up about 15 percent, on Thursday after telecom giant Sprint (NYSE: S ) offered to purchase the entirety of the company for $2.90 per share. Interestingly, Clearwire closed the session at $3.16 -- significantly above the $2.90 offer. That outperformance suggests
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