Midday movers: Clearwire, Caribou Coffee, Cabelas
Stocks are higher as movement in Washington on some battleground issues is viewed as progress toward a compromise.
Information provided by Theflyonthewall.com
Sprint (S) struck a deal to acquire the approximately 50% stake in Clearwire (CLWR) it does not already own for $2.97 per share, or $2.2 billion. Shares of the two companies moved in opposite directions after the announcement, with Sprint gaining about 0.25% and Clearwire declining almost 13%.MORE ON MSN MONEY
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