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Stock Market & Financial Investment News

News Breaks
April 1, 2011
07:54 EDTVZ, TMRKVerizon 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 According to the depositary for the tender offer, approximately 59,754,625 shares were validly tendered and not withdrawn as of the expiration time.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 Verizon Holdings has accepted for purchase all shares that were validly tendered and not properly withdrawn and will promptly pay for such shares at the offer price of $19 per share, net to the seller in cash, without interest and less any applicable withholding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.
News For VZ;TMRK From The Last 14 Days
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April 17, 2014
07:54 EDTVZVerizon 2014 consensus estimates have upside, says Jefferies
Jefferies sees upside to the 2014 consensus estimates for Verizon given the better than expected equipment installment plans market. The firm sees 17% upside to its year-end price target of $55 and it keeps a Buy rating on Verizon.
April 15, 2014
13:49 EDTVZEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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April 14, 2014
09:10 EDTVZT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTVZT-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
07:06 EDTVZU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 11, 2014
09:19 EDTVZANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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07:26 EDTVZTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 9, 2014
11:15 EDTVZT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
07:14 EDTVZAT&T wants to force customers in Alabama town to switch to wireless, WSJ reports
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April 7, 2014
16:01 EDTVZOptions Update; April 7, 2014
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09:34 EDTVZActive equity options trading on open
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07:04 EDTVZCincinnati Bell to sell wireless spectrum licenses to Verizon Wireless
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April 4, 2014
08:47 EDTVZLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
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April 3, 2014
12:20 EDTVZGoogle considers wireless service in Fiber markets, The Information says
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