Sprint-Nextel Corp. (S) – the third-largest wireless carrier in the U.S. – gets Institutional Shareholder Services’ (ISS) support for its plan to completely acquire its subsidiary, Clearwire Corporation (CLWR). ISS offers valuable investment decisions and corporate governance solutions to the leading financial institutions and investors. Thus, the support of such an important body will help Sprint gain favorable response from other Clearwire shareholders for complete buyout of the company. In order to materialize its acquisition deal, Sprint requires at least 75% support from the shareholders. It is highly anticipated that the other stake holders of Clearwire, which includes major companies like Comcast Corporation (CMCSA), Intel (INTC) and Bright House Networks, are willingly to vote in favor of the deal as Clearwire is running at a loss. Moreover, Clearwire requires huge
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