Clearwire Corporation (NASDAQ:CLWR) receives bid to acquire airwave licenses possibly from Sprint Nextel Corporation (NYSE:S)

SprintRecent media reports just revealed that the board of directors of Clearwire Corporation (NASDAQ:CLWR) is reviewing an unsolicited offer to acquire its licenses to deliver wireless internet access. In a regulatory filing the company said yesterday that it received acquisition proposal for its airwave permits in large markets from an anonymous buyer on April 8.

On contrary speculators are of the view that it is Sprint Nextel Corporation (NYSE:S) who is behind that deal. Company said that it receive an offer ranging between 1 billion US dollars to 1.5 billion US dollars which could be substantial.

Sprint Nextel is seeking to gain those same airwave licenses by buying out other investors for 2.97 US dollars per share. The company also owns a mild majority of shares in Bellevue, Washington based Clearwire. A competing bid has been presented by Dis Network Corporation for 3.3 US dollars per share.

Coming to the stock performance; Clearwire Corporation (NASDAQ:CLWR) in last trading session end up at $3.26 by falling -0.31% with the traded volume of 5.82 million shares that is greater than the average volume of 3.83 million shares.

The stock price saw week’s volatility of 2.00% and month’s volatility is 1.48%, while the stock price of the company is moving up from its 20 days moving average with 0.31% and isolated positively from 50 days moving average with 1.68%.

Looking at Analytic Ratios; the price to sales ratio of CLWR in past twelve months was calculated as 3.80 and price to cash ratio as 5.53. Company return on equity ratio is recorded as -58.75% and its return on assets is -21.13%.

Coming to the stock performance; Sprint Nextel Corporation (NYSE:S) in last trading session end up at $6.22 by rising-0.64% with the traded volume of 46.11 Million that is greater than the average volume of 31.10 million shares.

The stock price saw week’s volatility of 1.35% and month’s volatility is 1.82%, while the stock price of the company is moving down from its 20 days moving average with 1.72% and isolated positively from 50 days moving average with 4.87%.

Looking at Analytic Ratios; the price to sales ratio of Sprint in past twelve months was calculated as 0.53 and price to cash ratio as 2.28. Company return on equity ratio is recorded as -46.73% and its return on assets is -8.57%.

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