Who will make what in the Clearwire acquisition

Now that Sprint has raised its bid for Clearwire to $5 a share, it has received the support of the network wholesaler's board. Major stockholders and funds have now switched from supporting Dish's $4.40 a share bid to rallying behind Sprint's higher offer. Mount Kellett Capital Management is the company's largest stockholder with an 18.22% stake and its haul from Sprint's offer will amount to almost $638 million. Comcast is next with 12.66% of the company which is worth $442.5 million at the $5 price.

Sprint could be rightly accused of trying to steal the company, considering that it's first offer for the shares of Clearwire that it doesn't own was $2.97. Dish lobbed in a $3.30 a share bid which Sprint eventually topped with a $3.40 a share offer. Dish then went to $4.40 which appeared to be the winner until Sprint topped it at $5.

The Clearwire stockholder vote is now set for July 8th and the chart below shows what the top Clearwire stock holders will receive if Sprint's $5 bid is approved by stockholders.


source: AllThingsD