Sprint Nextel Corporation (S): How The Clearwire Corporation (CLWR) Offer Could Fall Short

Seeing how successful P. Schoenfeld Management’s proxy campaign was in defeating Deutsche Telekom’s initial offer, Crest Financial has filed a preliminary statement informing the SEC it intends to “wage a campaign to convince the Clearwire stockholders to vote against the proposed merger.”

If that’s not enough of a headache, Sprint Nextel Corporation (NYSE:S) is now also facing its own hostile takeover attempt from DISH Network, which made a $25.5 billion counteroffer to Japanese telecom SoftBank’s $20 billion bid.

Sprint Nextel Corporation (NYSE:S) taking total control of Clearwire may have originally been thought of as a done deal, but if there’s anything certain about it, it’s that nothing is certain.

The article Why Sprint’s Initial Offer for Clearwire Could Fall Short originally appeared on Fool.com.

Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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