business newsClearwire Corporation and Ericsson Among Most Active Stocks in Nasdaq Pre-Market
By
Christopher Witrak
Dec 13, 2012 9:23 am
Ciena Corporation was up this morning.
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Investors traded 31,496,819 shares of Clearwire Corporation, which was up $0.35, or 12.73%. According to the Wall Street Journal, Sprint (NYSE:S) made a bid to acquire the remaining 49% of Clearwire Corporation that it doesn't already own. Sprint offered to pay $2.90 per share, or a 5.5% premium to Wednesday's closing price.
Investors also traded 1,064,000 shares of Ericsson, which was up $0.11, or 1.14%. STMicroelectronics (NYSE:STM) plans on exiting its cellphone-chip joint venture with Ericsson by the third quarter of next year.
Investors exchanged 736,365 shares of Ciena Corporation, which was up $0.65, or 4.17%.
(See also Pre-Market Primer: Stocks Flat After Fed Announcement; Retail Sales Disappoint.)
Twitter: @ChrisWitrak
The author has a position in Ericsson.
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