NEW YORK (TheStreet) -- Clearwire (CLWR) was a big gainer in premarket trading on Monday, rising 12.93% to $2.62, after key partner Sprint Nextel (S) announced its merger with Japanese telecom giant Softbank.
Clearwire was also the most active premarket Nasdaq stock on share volume of 3,514,868.
The Softbank/Sprint deal will see the Japanese firm acquire a 70% stake in the No. 3 U.S. telecom provider for $20.1 billion. Sprint shares rose 2.09% to $5.85 before market open on Monday.
Sirius XM (SIRI) shares gained 0.36% to reach $2.79. The satellite radio specialist was also one of the most active premarket Nasdaq stocks on share volume of 268,985.Apple (AAPL), which is rumored to be planning the forthcoming launch of its iPad Mini, crept up 0.46% to $632.6. Ericsson (ERIC) shares, however, slipped 0.91% to $8.67 before market open. --Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: firstname.lastname@example.org.
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