Mobile

Sprint Files Lawsuit Against Dish, Clearwire to Block Tender Offer

Published on June 17, 2013
by Nathalie Tadena

Sprint Nextel Corp. has filed a lawsuit against Dish Network Corp. and Clearwire Corp. in an effort to block the satellite-TV provider’s tender offer for Clearwire.

Sprint, which is Clearwire’s majority owner, said Dish’s tender offer violates corporate law in the state of Delaware, where Clearwire is incorporated. Sprint also said the offer violates the rights of both Sprint and Clearwire’s other strategic investors under Clearwire’s charter and under previous shareholder agreements.

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