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Utilities M&A image Utilities M&A » By The Online Investor Staff, updated Sun., Apr. 18, 4:49 AM Recent mergers and acquisitions in the Utilities M&A category.

Slide #61. Verizon Communications Inc. Vodafone Group PLC's indirect 45 percent interest in Verizon Wireless

Acquirer: Verizon Communications Inc. (NYSE:VZ)
Acquiree: Vodafone Group PLC's indirect 45 percent interest in Verizon Wireless
Details: At a special meeting held today, a substantial majority of shareholders of Verizon Communications Inc. (NYSE, Nasdaq: VZ) approved the company's issuance of up to 1.28 billion shares of common stock to Vodafone shareholders to complete the acquisition of Vodafone Group PLC's indirect 45 percent interest in Verizon Wireless.

Verizon Communications is a holding company. Through its subsidiaries, Co. provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Co. has two reportable segments: Verizon Consumer Group, which provides consumer-focused wireless and wireline communications services and products under the Verizon brand and through wholesale and other arrangements; and Verizon Business Group, which provides wireless and wireline communications services and products, including data, video and data conferencing services, security and managed network services, local and long distance voice services and network access.

Verizon Communications SEC Filing Email Alerts Service


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Company Name: 
Verizon Communications Inc
Stock buyback: 
VZ buyback
Website: 
www.verizon.com
Sector: 
Communications Services
Number of ETFs Holding VZ: 
139
Total Market Value Held by ETFs: 
$25.42B
Total Market Capitalization: 
$238.77B
% of Market Cap. Held by ETFs: 
10.65%
 

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Quotes delayed 20 minutes



Buy (3.06 out of 4)
34th percentile
(ranked lower than approx. 66% of all stocks covered)

Analysts' Target Price:
VZ Stock Forecast

Based on Zacks ABR data;
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