Telecom & Wireless
$8.5 Billion Payout Headed from Verizon Wireless to Verizon and Vodafone
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It is important to realize that this is a partnership payout to the parent companies rather than a direct payout to holders of Verizon Communications and holders of Vodafone.
Vodafone ADRs and Verizon shares have each correct off of highs. Vodafone ADRs are now at $26.39 versus a 52-week range of $25.63 to $30.07; Verizon shares are currently at $42.56 versus a 52-week trading range of $35.32 to $48.77.
JON C. OGG
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