Market Overview

Verizon Declines To Comment On Straight Path

Verizon Declines To Comment On Straight Path
Related T
Here's Why Goldman Upgraded Adtran Despite Near-Term Risks
Analyst: Ciena Benefits From Carrier Capex Outlook, Improving Competitive Environment
Syntal Capital Partners, LLC Buys Texas Instruments Inc, PIMCO Enhanced Short Maturity Active ... (GuruFocus)
Related VZ
Earnings Preview: IBM to Report on Thursday, Strategic Imperatives in Focus
Morgan Stanley Downgrades Dish Network, Says Spectrum Assets Are Losing Value
Verizon sees $4.10 impact to full-year EPS from tax reform (Seeking Alpha)

Following Monday rumors that Verizon Communications Inc. (NYSE: VZ) could attempt to outbid AT&T Inc. (NYSE: T) to acquire Straight Path Communications Inc (NYSE: STRP), a Verizon spokesperson told Benzinga the company was “not commenting” on the particular issue.

On Thursday, Straight Path was notified by an unidentified third party, one that issued a merger bid prior to the Straight Path–AT&T agreement, that the bidder maintained interest in a deal and was considering extending an offer more valuable than AT&T’s. Some speculated Verizon to be the unnamed disrupter.

Straight Path shares have spiked 19.6 percent since the rumor began.

Related Links:

Speculative Spectrum Names In Play Following AT&T, Straight Path Deal

Benzinga's Option Alert Recap From April 17

Posted-In: News Rumors M&A Tech Media Interview Best of Benzinga


Related Articles (T + STRP)

View Comments and Join the Discussion!