Verizon Communications Inc

NYSE:VZ   1:21:06 PM EDT
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Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Verizon To Acquire Tracfone

Published: 09/14/2020 16:04 GMT
Verizon Communications Inc (VZ) - Verizon to Acquire Tracfone.
Verizon - Consideration for Transaction Will Include $3.125 Billion in Cash and $3.125 Billion in Verizon Common Stock.
Verizon - Agreement Also Includes Up to Additional $650 Million in Future Cash Consideration.
Verizon - $650 Million in Future Cash Consideration Related to Achievement of Certain Performance Measures and Other Commercial Arrangements.
Verizon - Expects Transaction to Be Accretive in First Full Year Following Closing, Excluding Transaction and Integration Costs.
Verizon - Does Not Expect Transaction to Materially Impact Capital Expenditures.