The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Thursday, April 25, 2013

Verizon makes preparations for $100B wireless bid.

Verizon Communications (VZ) has reportedly hired bank and legal advisers ahead of a possible $100B cash and stock bid to buy Vodafone's (VOD) 45% stake in Verizon Wireless. Verizon Com, which reckons it can raise $50B from banks to help fund the deal, will structure its offer so that Vodafone's tax bill would be $5B rather than a possible $20B. The latter's shares were +3.4% premarket.

No comments:

Post a Comment