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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:51 EDTVZ, VODVerizon shareholders approve share issuance for acquisition of Verizon Wireless
Verizon (VZ) announced that at a special meeting a substantial majority of shareholders of Verizon approved the company's issuance of up to 1.28B shares of common stock to Vodafone (VOD) shareholders to complete the acquisition of Vodafone Group PLC's indirect 45% interest in the Verizon Wireless joint venture. Earlier at a shareholder meeting in London, Vodafone shareholders also approved matters necessary for the transaction to close, Verizon said. At the special shareholder meeting, Verizon shareholders also approved an amendment to the company's charter to increase by 2B the number of shares of Verizon common stock the company is authorized to issue. The approval of this charter amendment was not a condition to the completion of the Verizon Wireless transaction, but will allow for additional authorized common stock to support the company's growth and provide flexibility for future corporate needs. Under the terms of the stock purchase agreement and as a result of the shareholder vote, Verizon will not exercise an election to increase the cash consideration by up to $15B. The acquisition remains subject to approval of the High Court of Justice of England and Wales and other customary closing conditions. On Dec. 4, 2013, Verizon received the approvals needed from the Federal Communications Commission for the acquisition. The transaction is currently expected to close on or about Feb. 21, Verizon said.
News For VZ;VOD From The Last 14 Days
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September 29, 2014
07:25 EDTVZOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 24, 2014
08:03 EDTVZMicronet Enertec artners with Verizon for mobile data terminal distribution
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September 23, 2014
18:03 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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17:53 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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12:19 EDTVODAT&T, Vodafone 'laying groundwork' for deal, BSN reports
Vodafone (VOD) and AT&T (T) are "laying the groundwork" for a possible acquisition, merger or partnership deal, according to Bright Side of News, citing sources close to both companies. Shares of Vodafone have moved out of negative territory and are up 0.5% following the report. Reference Link
September 22, 2014
07:14 EDTVZGSM Association to hold a conference
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September 19, 2014
12:37 EDTVODVodafone buys 140 Phones4u stores, hires former employees, TheNextWeb says
Vodafone has bought 140 stores left behind by UK mobile phone retailer Phones4u and expects to hire 900 former Phones4U employees, reports TheNextWeb. The company said in a statement, that it will start engaging with these employees and begin rebranding the stores as soon as possible. Reference Link
September 17, 2014
11:42 EDTVZVerizon says company-wide growth at moment is 'fine'
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11:39 EDTVZVerizon says tower sales options more favorable in current market
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07:27 EDTVODJazztel investor won't sell stake to Orange for proposed price, Reuters says
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September 16, 2014
15:59 EDTVODVodafone, EE in talks to acquire Phones 4U assets, FT reports
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08:18 EDTVZFCC to hold a roundtable
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