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starbulletin.com/2005/04/09/news···x2.htmlVerizon sale terms
reached
Dropping the price by $50 million
helps meet the conditions set
by state regulators
By Dave Segal
dsegal@starbulletin.com
Nearly a month after getting conditional state approval for their deal, local telephone provider Verizon Hawaii and its buyer, the Carlyle Group, finally have a connection.
It wasn't easy, though, as parent company Verizon Communications Inc. and the private equity investment firm negotiated for weeks and into the final hour yesterday before a Public Utilities Commission deadline to request reconsideration of the requirements the agency imposed on the sale.
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