how much stock? in http://www.dslreports.com/forum/r17651917 en Sun, 29 Nov 2009 02:20:31 EDT Sun, 29 Nov 2009 02:20:31 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17663193 batterup :
said by TKJunkMail See Profile :

said by rit56 See Profile :

60% ? well it's still Verizon.
Actually it won't be. Verizon's shareholders will get 60% of FairPoint stock - not Verizon. Fairpoint will be an independent company not under Verizon control.

Of course, the same rich people that own most of Verizon will own most of FairPoint, but that is not the same thing as Verizon owning it.
Every one that owns stock is not rich, far from it. Especially when the stock is worth less then it was when the company was Bellatlantic.

Perhaps Teletruth can supply broadband to the great unwashed.]]> http://www.dslreports.com/forum/remark,17663193 Thu, 18 Jan 2007 05:14:39 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17657186 TKJunkMail :
said by hottboiinnc See Profile :

This is not true according to Fairpoint's Website.

"Verizon's local exchange and related business assets in Maine, New Hampshire and Vermont will be transferred to entities owned by a newly organized, wholly owned subsidiary of Verizon." which is from the "merger" page of Fairpoint. VZ will STill OWN the company. Just not the debit.
You conveniently left out the rest of that paragraph and the next that shows the combined company won't be under Verizon control. Nice try though.

»www.fairpoint.com/merger_press_release.html
Verizon's local exchange and related business assets in Maine, New Hampshire and Vermont will be transferred to entities owned by a newly organized, wholly owned subsidiary of Verizon. This new subsidiary will incur $1.7 billion of newly issued debt and will then be spun off to Verizon's stockholders and immediately merged with and into FairPoint.

When the merger is completed, the companies conducting the Maine, New Hampshire and Vermont telephone and related business operations will be subsidiaries of FairPoint. The combined business will be managed by FairPoint's executive team.

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"Verizon's local exchange and related business assets in Maine, New Hampshire and Vermont will be transferred to entities owned by a newly organized, wholly owned subsidiary of Verizon." which is from the "merger" page of Fairpoint. VZ will STill OWN the company. Just not the debit.]]> http://www.dslreports.com/forum/remark,17656112 Tue, 16 Jan 2007 23:59:09 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17654217 TKJunkMail :
said by rit56 See Profile :

60% ? well it's still Verizon.
Actually it won't be. Verizon's shareholders will get 60% of FairPoint stock - not Verizon. Fairpoint will be an independent company not under Verizon control.

Of course, the same rich people that own most of Verizon will own most of FairPoint, but that is not the same thing as Verizon owning it.
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said by rit56 See Profile :

60% ? well it's still Verizon.
DING DING DING!!!! WE HAVE A WINNER!!!!!!!

Now they can dump the stock for a loss should something happen. Sixty percent of the stock = controlling interest. ;)]]> http://www.dslreports.com/forum/remark,17652436 Tue, 16 Jan 2007 14:48:43 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17652161 LD 50 : VZ will not own the shares, VZ shareholders are getting the shares. ]]> http://www.dslreports.com/forum/remark,17652161 Tue, 16 Jan 2007 13:56:53 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17652154 daslog : Verizon shareholders get Fairpoint stock not Verizon itself. So if you own 20 shares of Verizon, you will be issued Fairpoint stock as part of the spinoff.]]> http://www.dslreports.com/forum/remark,17652154 Tue, 16 Jan 2007 13:55:33 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17652048 biznatch11 : I'm also confused by this. If they'll own 60% then aren't they actually buying rather then selling?]]> http://www.dslreports.com/forum/remark,17652048 Tue, 16 Jan 2007 13:38:29 EDT Re: how much stock? http://www.dslreports.com/forum/remark,17651960 ropeguru :
said by rit56 See Profile :

60% ? well it's still Verizon.
Exactly.. They will now be the controlling entity....
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