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Sprint’s Offer for Clearwire Fails to Sway Opponents

Sprint Nextel Corp.’s sweetened bid for wireless-network partner Clearwire Corp. has failed to persuade opponents to the takeover, raising speculation that the company will have to raise its price again.

Since Sprint increased its bid for Clearwire by more than 14 percent to about $2.5 billion this week, two major opponents have renewed their call to vote down the transaction. Crest Financial Ltd., a Houston-based firm, and a group of investors led by Mount Kellett Capital Management LP both filed letters calling for shareholders to reject the new terms.