Crest urges changing Clearwire minority vote threshold

NEW YORK (Reuters) - Crest Financial, an investor in Clearwire Corp, said on Tuesday that the voting threshold for approval of Sprint Nextel Corp's purchase of Clearwire should exclude strategic investors such as Comcast Corp and Intel. Sprint, Clearwire's majority owner, needs approval from more than 50 percent of Clearwire's minority shareholders in order to go ahead with its proposed $3.40-per-share purchase of the rest of Clearwire. ...



via Tech News Headlines - Yahoo! News http://news.yahoo.com/crest-urges-changing-clearwire-minority-vote-threshold-133557595.html