Clearwire told shareholders in a letter sent on Monday that its best path lies in an acquisition by Sprint Nextel.
The letter laid out in extensive detail why Sprint's offer of $2.97 a share provides the best value for shareholders. Nowhere in the letter does it reference Dish Network's rival bid for Clearwire, which is actually higher at $3.30 a share.
According to Clearwire's board, Sprint's offer is the only legitimate one. The wireless broadband company said Sprint's offer represents "fair, attractive and certain value." The deal represents the culmination of … Read more