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Why Verizon Chose Fairpoint > vz

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Sammer

join:2005-12-22
Canonsburg, PA

reply to SteveCon

Re: vz

Technically that's true it's Verizon's stockholders who will own 60% of Fairpoint so it's a spinoff rather than a subsidiary. However Verizon will get to choose 6 of the 9 members of the board of directors. Fairpoint will have to remain independent for one year or it will owe the $600 million tax savings that Verizon is getting.

to forum · permalink · 2007-05-21 13:45:11 ·

Forums > Why Verizon Chose Fairpoint

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