United States

Verizon Communications Inc (VZ)

VZ on New York Consolidated

23 Aug 2016
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Latest Key Developments (Source: Significant Developments)

Verizon's Marni Walden, asked if Marissa Mayer is staying- "due to abnormal process, have yet to determine who new leaders will be" - CNBC
Monday, 25 Jul 2016 07:24am EDT 

:Verizon's Marni Walden on CNBC, asked if Marissa Mayer is staying - "due to abnormal process, have yet to determine who new leaders will be".  Full Article

Verizon is nearing deal to acquire Yahoo - Bloomberg
Friday, 22 Jul 2016 08:49am EDT 

:Verizon is nearing a deal to acquire Yahoo - Bloomberg.  Full Article

U.S. General Services Administration extends Networx contracts with Verizon
Wednesday, 20 Jul 2016 10:51am EDT 

Verizon Communications Inc: U.S. General Services Administration awarded extensions to Verizon for contracts held by co under agency's Networx program .Networx contract extensions feature a one-year base period and two one-year options.  Full Article

Yahoo suitors to offer up their third round of bids Wednesday- Recode
Tuesday, 5 Jul 2016 09:57am EDT 

:Yahoo suitors to offer up their third round of bids Wednesday; remaining bidders told final selection to take place around July 18 - Recode.  Full Article

Verizon to acquire privately-held Telogis Inc
Tuesday, 21 Jun 2016 03:09pm EDT 

Verizon Communications Inc : Verizon to enhance significantly its connected vehicle business with the acquisition of Telogis . Terms of transaction have not been disclosed . Says in connection with transaction, PJT Partners and Wells Fargo Securities, LLC acted as financial advisors . Has signed an agreement to purchase Telogis, Inc., a private company based in Aliso Viejo, California .Says Barclays and J.P. Morgan acted as financial advisors to Telogis.  Full Article

Verizon says unions ratify new agreements
Friday, 17 Jun 2016 03:37pm EDT 

Verizon Communications Inc : Unions ratify new agreements . New contracts go into effect immediately . New contracts, which cover about 36,000 employees primarily in Verizon's wireline business, will run through Aug. 3, 2019 . Company's key objectives for round of bargaining were in areas of healthcare, post-retirement costs and workforce flexibility . Will realize cost savings, cost avoidance through healthcare plan changes, more healthcare contributions, medicare advantage plans for retirees . Agreements allow for more flexibility in call sharing to "better serve customers" .Agreements give company ability to offer special buyout incentives to associates.  Full Article

Yahoo receives multiple bids for core biz at or above $5 billion - CNBC, citing sources
Thursday, 9 Jun 2016 09:49am EDT 

: Yahoo receives multiple bids for core biz at or above $5 bln; Verizon bid over $3.5 bln, among lower bids - CNBC, citing sources . Yahoo board meets tomorrow to review bids for core biz; private equity, strategic bidders will enter final round - CNBC, citing sources .Final round of Yahoo bidding expected to conclude by mid-July - CNBC, citing sources.  Full Article

Verizon to bid $3 bln for Yahoo's web assets in second round of bidding - CNBC, citing DJ
Monday, 6 Jun 2016 10:12pm EDT 

: Verizon to bid $3 bln for Yahoo's web assets in second round of bidding; bid to exclude Yahoo's patents & real estate-CNBC, citing DJ . TPG also expected to make new Yahoo bid -CNBC, citing DJ Further company coverage: [VZ.N] (((Bengaluru Newsroom +91 80 6749-3581; within U.S. +1 646 223 8780);)).  Full Article

Verizon Communications sets quarterly dividend of $0.565 per share
Thursday, 2 Jun 2016 11:39am EDT 

Verizon Communications Inc :Sets quarterly dividend of $0.565 per share.  Full Article

Verizon reaches tentative agreements with unions representing wireline employees
Monday, 30 May 2016 10:07am EDT 

Verizon Communications Inc : Verizon Reaches Tentative Agreements With Unions Representing Wireline Employees . Reached Tentative Agreements With Communications Workers Of America And International Brotherhood Of Electrical Workers . Verizon Communications Inc Says Will Hire Additional Associates Over Term Of Contract . Employees Covered By These Contracts Will Receive A Wage Increase Of 10.5% Over Term Of Contract .If Approved By Unions, Agreements Will Run Through August 3, 2019.  Full Article