In response to the news, HP is saying that serious discussions over the shareholder derivative litigation is taking place, but a final deal has not been reached.
Google has issued new non-voting shares that help consolidate power in the hands of its co-founders, in the same way Mark Zuckerberg controls Facebook. But just because you happen to like the dictator doesn’t mean you aren’t living in a dictatorship
Leap Wireless(s leap) shareholders on Thursday signed off on AT&T’s(s t) planned buyout of the carrier, its 5 million Cricket Communications subscribers and, most importantly, its spectrum. The vote wasn’t even close with 99 percent shares voted in favor of the $1.2 billon cash deal, though their approval was pretty much a given. The acquisition now faces its biggest challenges: regulatory reviews before the Federal Communications Commission (with newly installed chairman Tom Wheeler at the helm) and the U.S. Justice Department.
Dish set its sights on two big carrier M&A deals, but now it appears to be leaving with nothing. It’s withdrawn its bids for both Clearwire and Sprint.
The battle over Clearwire is getting more intense. Sprint has outbid Dish, and the Clearwire board is once again backing Sprint’s takeover attempt. Now the ball’s in Dish’s court.
The terms Dish wants in its bid to invest in or take over Clearwire violate Delaware state law, making the deal “not actionable”, Sprint’s lawyers maintain.
We’ll have to wait until June 13 if not longer to see the outcome of Sprint’s takeover attempt at Clearwire. The WiMAX operator has delayed a shareholder vote to weigh Dish’s last minute counter bid.
Dish is upping its initial bid by 29 percent on the eve of a critical Clearwire shareholders vote. Sprint’s offer to take over Clearwire was already on shaky ground. Now it might collapse.
Sprint has given into shareholder pressure and raised its bid for Clearwire by 14 percent. Clearwire immediately canceled today shareholder vote, rescheduling for next week.
The shareholder vote was the last step in a long chain of approvals necessary to cement the deal. On May 1 — just seven months after the companies announced their intentions — T-Mobile and MetroPCS will officially combine.