| Call me crazy..... but they "sell" to a company that they now have controlling ownership in(60%)? Exactly how is that selling off?
Looks more to me like it is purchasing a company that they will use as a subsidary to deal with those markets. |
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wev567
join:2006-02-25
Pittsburgh, PA | said by Skippy25:but they "sell" to a company that they now have controlling ownership in(60%)? Exactly how is that selling off? Looks more to me like it is purchasing a company that they will use as a subsidary to deal with those markets. They are combining assets they already own into a separate holding company and then selling that to Fairpoint. These are *two* separate companies and when it's all done, will continue to be just that. VZ will have some $$, VZ shareholders will get a few shares of Fairpoint, and Fairpoint will be serving customers in these states.
Everyone is getting confused over the shuffle they are doing to avoid taxes or whatever... |
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