News Headline Summary

Sprint (S) and Clearwire (CLWR) move closer to a deal according to CNBC

- CNBC's Faber says deal may be before year end.
- Says Sprint has had talks with major holders.
- Sprint has had talks with holders to buy shares for USD 3.00 per share.

Reaction details (16:38)

- CLWR shares have been halted by a circuit breaker after moving over 10% higher in immediate reaction to the news.
- S shares are unmoved in reaction to the news; trades USD 5.67 last.

11 Dec 2012 - 16:35 - Equities - Source: CNBC

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