BELLEVUE, Wash. -- The Board of Directors of Clearwire (Nasdaq:CLWR) ("Clearwire" or the "Company") today issued an open letter to stockholders in connection with its proposed transaction with Sprint recommending that stockholders vote 'FOR' the proposed transaction. The letter highlights the favorable recommendations of leading proxy advisory services and conveys compelling reasons why this transaction is the best strategic alternative for shareholders.
The full text of the letter follows:
May 28, 2013
Dear Fellow Stockholder:
Last week, Sprint increased its offer for Clearwire to $3.40 per share, significantly improving the value of the proposed combination.
My years with Clearwire and decades of industry experience give me a clear understanding of the company's strengths as well as the challenges we will face in the coming months.
For me and my fellow directors, the decision about voting FOR Clearwire's proposed merger with Sprint is clear. It is quite simply the best strategic option for all stockholders, and I once again encourage you to vote your shares FOR all of the proposals relating to the transaction with Sprint.