CLEARWIRE CORPORATION, ) ) Respondent
EFiled: Jul 21 2017 08:00AM EDT Transaction ID 60878927 Case No. 9042-VCL IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ACP MASTER, LTD., et al., ) ) Plaintiffs, ) ) v. ) C.A. No. 8508-VCL ) SPRINT CORPORATION, et al. ) ) Defendants. ) ____________________________________ ) ) ACP MASTER, LTD., et al., ) ) Petitioners, ) ) v. ) C.A. No. 9042-VCL. ) CLEARWIRE CORPORATION, ) ) Respondent. ) MEMORANDUM OPINION Date Submitted: April 25, 2017 Date Decided: July 21, 2017 Stephen E. Jenkins, Marie M. Degnan, ASHBY & GEDDES, P.A., Wilmington, Delaware; Lawrence S. Robbins, Kathryn S. Zecca, Ariel N. Lavinbuk, William J. Trunk, Joshua S. Bolian, Shai D. Bronshtein, Peter B. Siegal, ROBBINS, RUSSELL, ENGLERT, ORSECK, UNTEREINER & SAUBER, LLP, Washington, DC, Counsel for Plaintiffs ACP Master, Ltd., Aurelius Capital Master, Ltd., and Aurelius Opportunities Fund II, LLC. Robert S. Saunders, Jennifer C. Voss, Ronald N. Brown, III, Arthur R. Bookout, SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, Wilmington, Delaware, Counsel for Defendants Sprint Corporation, Sprint Communications, Inc., and Respondent Clearwire Corporation. Donald J. Wolfe, Jr., Matthew E. Fischer, Christopher N. Kelly, POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Erik J. Olson, MORRISON & FOERSTER LLP, Palo Alto, California; James P. Bennett, MORRISON & FOERSTER LLP, San Francisco, California; James E. Hough, MORRISON & FOERSTER LLP, Tokyo, Japan; James J. Beha II, MORRISON & FOERSTER LLP, New York, New York, Counsel for Defendants Starburst I, Inc., and Softbank Corp. LASTER, Vice Chancellor. In July 2013, Clearwire Corporation (“Clearwire” or the “Company”) and Sprint Nextel Corporation (“Sprint”) completed a merger in which Sprint paid $5.00 per share to acquire the 49.8% of Clearwire’s equity that Sprint did not already own (the “Clearwire- Sprint Merger”).
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