Verizon (VZ +3.4%) confirms it's buying Alltel for $28.1B -- $5.9B and the assumption of $22.2B...

|About: Verizon Communications (VZ)|By:, SA News Editor

Verizon (VZ +3.4%) confirms it's buying Alltel for $28.1B -- $5.9B and the assumption of $22.2B in debt. Expects synergies of $9B+.