Will Sprint Nextel’s Acquisition Of Clearwire Give These Top Institutional Shareholders Something To Talk About?

Sprint Nextel Corp. (NYSE:S) announced their agreement to buy the portion of Clearwire (NASDAQ:CLWR) that it does not already own for $2.97 per share, resulting in a payout of about $2.2 billion to the non-Sprint shareholders. The price per share is at a premium of 128% to Clearwire’s closing share price the day before the takeover discussions were first made public on October 11. Clearwire is valued at approximately $10 billion, including net debt and lease obligations of $5.5 billion. “Sprint is uniquely positioned to maximize the value of Clearwire’s spectrum and efficiently deploy it to increase Sprint’s network capacity,” said Sprint CEO Dan Hesse.

Will Sprint Nextel Corp.’s shareholders increase their holdings?These institutional firms indicated owning shares of   They reported owning a total of 2.577 billion shares on 09/30/2012. The shares closed at $5.52 on 09/30/2012.

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Here are the ten largest positions in Sprint Nextel Corp. at the end of September 30th, 2012.

Capital Research Global Investors held 345,690,000 shares on 09/30/2012 worth $1,908,208,793. This brought the portfolio total to 0.89%.

Dodge & Cox held 302,926,028 shares on 09/30/2012 worth $1,672,151,669. This brought the portfolio total to 2.18%.

FMR LLC. held 145,952,307 shares on 09/30/2012 worth $805,656,732. This brought the portfolio total to 0.15%.

Vanguard Group Inc. held 129,062,827 shares on 09/30/2012 worth $712,426,803. This brought the portfolio total to 0.09%.

State Street Corp. held 125,664,790 shares on 09/30/2012 worth $693,669,638. This brought the portfolio total to 0.1%.

Franklin Resources Inc. held 123,987,731 shares on 09/30/2012 worth $684,412,273. This brought the portfolio total to 0.44%.

Bank of New York Mellon Corp. held 118,733,700 shares on 09/30/2012 worth $655,410,022. This brought the portfolio total to 0.24%.

Ontario Teachers Pension Plan board held 86,011,686 shares on 09/30/2012 worth $474,784,505. This brought the portfolio total to 3.11%.

Blackrock Institutional Trust Company N.A. held 83,121,381 shares on 09/30/2012 worth $458,830,022. This brought the portfolio total to 0.1%.

Invesco Ltd. held 49,842,227 shares on 09/30/2012 worth $275,129,092. This brought the portfolio total to 0.14%.

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