Verizon Commences Tender Offer for all Outstanding Shares of Terremark Worldwide for $19 per Share
By Benzinga Staff
February 10, 2011 9:33 AM
February 10, 2011 9:33 AM
Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the commencement of the tender offer for all outstanding shares of Terremark Worldwide, Inc. (Nasdaq: TMRK) for $19.00 per share in cash without interest and less any required withholding taxes.
The tender offer is being made by Verizon Holdings Inc., a wholly owned subsidiary of Verizon, pursuant to a previously announced Agreement and Plan of Merger, dated as of Jan. 27, 2011, by and among Verizon, Verizon Holdings Inc. and Terremark.
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