NEW YORK (
was the biggest gainer in premarket trading on Thursday, after
revealed its intention to
the wireless specialist.
Securities and Exchange Commission
, Sprint said that it plans to acquire Sprint stock that it does not already own for $2.90 a share, a deal worth around $2.1 billion.
Clearwire shares climbed 10.55% to $3.04 before market open on share volume of 25,256,169.
Sprint shares dipped 0.71% to $5.62.
(CIEN - Get Report)
was another gainer, rising 3.4% to $16.10, while
RF Micro Devices
gained 3.41% to reach $4.55.
Research In Motion
, which has enjoyed strong momentum recently ahead of its
launch next year, was also a gainer. The Canadian handset maker's shares rose 0.98% to $13.44.
(ERIC - Get Report)
rose 0.52% to $9.69.
(AAPL - Get Report)
shares, however, dipped 1.6% to $530.36.
--Written by James Rogers in New York.
>To submit a news tip, send an email to: