Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Clearwire Corp. (CLWR)

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Clearwire Corp. (“Clearwire” or the “Company”) (NASDAQ: CLWR) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Sprint Nextel Corp. (NYSE: S), which already owns more than 50 percent of Clearwire, in an all-cash deal valued at approximately $2.1 billion. Under the terms of the proposed transaction, Clearwire’s stockholders will receive $2.90 in cash for each share of Clearwire’s common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $5 for Clearwire.