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News Breaks | | | | April 1, 2011 | | 07:54 EDT |  | VZ, TMRK | Verizon completes tender for Terremark; Announces subsequent offering period
Verizon Communications (VZ) announced the successful completion of the tender offer made by Verizon's wholly owned subsidiary, Verizon Holdings Inc., for all outstanding shares of Terremark Worldwide (TMRK) common stock. The tender offer and withdrawal rights expired at midnight ET on March 31. According to the depositary for the tender offer, approximately 59,754,625 shares were validly tendered and not withdrawn as of the expiration time. This represents approximately 70.9% of Terremark's outstanding shares of common stock on a fully diluted basis and 84.06% of Terremark's outstanding shares of common stock, giving Verizon control of Terremark. Verizon Holdings has accepted for purchase all shares that were validly tendered and not properly withdrawn and will promptly pay for such shares at the offer price of $19 per share, net to the seller in cash, without interest and less any applicable withholding taxes. Verizon also announced that Verizon Holdings has commenced a subsequent offering period to acquire the remaining untendered shares of Terremark common stock. The subsequent offering period will expire at 5 p.m. ET on April 7, unless extended. During this subsequent offering period, holders of shares of Terremark common stock who did not previously tender their shares into the initial tender offer may do so. | |
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News For VZ;TMRK From The Last 14 Days Check below for free stories on VZ;TMRK the last two weeks. |
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| May 17, 2013 | | 16:47 EDT | | VZ | Fitch affirms Verizon's IDR at 'A', outlook stable
 Subscribe for More Information | | | 15:12 EDT |  | VZ | Focus on Verizon Wireless stake ahead of Vodafone earnings, Reuters says
Subscribe for More Information | | | 06:50 EDT |  | VZ | Verizon initiated with an Overweight at Barclays
Target $59. | | | May 14, 2013 | | 11:54 EDT | | VZ | Verizon CFO says 'very comfortable' with cash position, ability to pay dividend
Subscribe for More Information | | | 11:49 EDT | | VZ | Verizon CFO declines to comment on potential to purchase Vodafone JV stake
Subscribe for More Information | | | May 13, 2013 | | 16:48 EDT | | VZ | Verizon Wireless to make $7B payment to Verizon, Vodafone
Verizon (VZ) disclosed in a regulatory filing that on May 9, the board of representatives of Verizon Wireless declared distributions to its owners in the aggregate amount of $7B, payable on June 25 in proportion to their respective partnership interests on the date of such distribution. Based on current ownership interests in Verizon Wireless, Verizon will receive cash payments aggregating $3.85B and Vodafone (VOD) will receive cash payments aggregating $3.15B. | | | 07:29 EDT |  | VZ | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | May 10, 2013 | | 07:08 EDT | | VZ | ESPN considers subsidizing wireless data plans, WSJ reports
Subscribe for More Information | | | May 6, 2013 | | 07:17 EDT | | VZ | Summit Business Media holds a conference
Subscribe for More Information | | | 07:10 EDT | | VZ | Some Verizon shareholders ok to pay premium for wireless venture, Reuters says
Subscribe for More Information | | | | 06:06 EDT | | VZ | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Toyota (TM) and Honda (HMC) were top sellers a few years ago and by a wide margin. No more. Now, it is a wide-open market. Ford (F) and GM (GM) have turned their midsize sedans into real challengers and closed the quality gap with Japan, the Wall Street Journal reports...There was no big news at Berkshire Hathaway’s (BRK.A) annual meeting this past weekend, but there was one great lesson for investors: Perhaps the most important thing you can do when everything seems to be going right in your portfolio is to listen to somebody who insists you are wrong, the Wall Street Journal reports...REUTERS: Some Verizon Communications (VZ) shareholders say they could be happy for the company to pay up to $130B for Vodafone Group’s (VOD) stake in their U.S. wireless venture. Two large shareholders in Verizon say they could be comfortable with paying 20% to 30% more to secure Verizon Wireless, Reuters reports...A unit of Sinopec Group (SHI) and brokerage China Galaxy Securities are launching Hong Kong IPOs today seeking to raise up to $3.5B in total, injecting life into Asia's moribund IPO markets where deal values more than halved in Q1, Reuters reports...BLOOMBERG: Bond investors are gaining confidence that Fed Chairman Bernanke will unwind the central bank’s unprecedented $3.3T balance sheet without sparking a crash similar to 1994, Bloomberg reports...Apple (AAPL) is missing out on an opportunity to court up to 2.8B new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners, Bloomberg reports. | |
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