Will Dish Network’s Counter Bid For Clearwire Displease These Top Institutional Shareholders?

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Dish Network Corp. (NASDAQ:DISH)’s surprise $3.30 counter bid has beat the pitch for Sprint’s (NYSE:S) $2.97 offer for Clearwire Corp (NASDAQ:CLWR). Even though Dish’s offer is unlikely to succeed because of conditions that could require Sprint’s approval, the offers assume significance because Clearwire’s share price has now risen high enough to match it. That, along with certain minority Clearwater investors pushing for it to improve its bid, has led to pressure on Dish to raise it by around 11%. Considering Sprint needs the assent of more than half of Clearwire’s minority investors, traders expect that Sprint will soon put a higher offer on the table. Taran Asset Management, a minority investor, claims Dish’s offer is undervalued and has requested the FCC to block the proposed transaction. Another investor, Glenview Capital Management, will not support the bid.

Will Dish Network Corp.’s shareholders increase their holdings? They reported owning a total of 4.208 million shares on 12/31/2012. The shares closed at $36.40 on 12/31/2012.

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Here are the ten largest positions in Dish Network Corp. at the end of December 31st, 2012.

State of New Jersey Common Pension Fund A held 900,000 shares on 12/31/2012 worth $32,760,001. This brought the portfolio total to 0.18%.

AllianceBernstein L.P. held 701,880 shares on 12/31/2012 worth $25,548,433. This brought the portfolio total to 0.03%.

California Public Employees Retirement System held 567,658 shares on 12/31/2012 worth $20,662,752. This brought the portfolio total to 0.05%.

Mizuho Trust & Banking Co. Ltd. held 340,975 shares on 12/31/2012 worth $12,411,491. This brought the portfolio total to 0.05%.

Strs Ohio held 228,214 shares on 12/31/2012 worth $8,306,990. This brought the portfolio total to 0.04%.

Beese Fulmer Investment Management Inc. held 203,642 shares on 12/31/2012 worth $7,412,569. This brought the portfolio total to 3.72%.

Andra Ap-Fonden held 121,000 shares on 12/31/2012 worth $4,404,400. This brought the portfolio total to 0.14%.

IBM Retirement Fund held 102,784 shares on 12/31/2012 worth $3,741,338. This brought the portfolio total to 0.05%.

Oxford Asset Management held 96,618 shares on 12/31/2012 worth $3,516,895. This brought the portfolio total to 0.05%.

Lingohr & Partner Asset Management GMBH held 92,500 shares on 12/31/2012 worth $3,367,000. This brought the portfolio total to 0.29%.

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