Clearwire Shareholder Hires Proxy Firm in Bid to Stop Sprint Deal

Crest Financial said that it has hired a proxy solicitation firm to aid in its opposition of Sprint’s plan to acquire the rest of Clearwire.

The Houston-based investment company owns 3.9 percent of Clearwire and has already sued Clearwire and its directors, arguing that they have breached their fiduciary duties in accepting Sprint’s offer. In hiring proxy-solicitation firm D. F. King & Co., Crest is signaling its intent to extend its opposition into a full-on proxy fight. Crest also demanded that Clearwire make available its list of shareholders.