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  • Verizon Communications (VZ) has reportedly hired bank and legal advisers ahead of a possible $100B cash and stock bid to buy Vodafone's (VOD +1.3% in London) 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. [View news story]
    Don't worry about Verizon's pension "obligations." Verizon has already sucked dry the 21 earned pension plans for union and management employees alike. They did this in part by paying themselves (CEO, COO,CFO and other Executive Board members) huge bonuses for deals such as this. Also, the earned health care benefits of these retirees is nothing to worry about either. You, the taxpayer, will now be stuck with paying this debt. Verizon is a deadbeat corporation but they are in good company.
    Apr 26 11:11 AM | Likes Like |Link to Comment
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