Announced
Financials
Sources
Tags
spectrum licenses
Public
Pending
Merger
mobile wireless spectrum
Acquisition
Friendly
United States
Telecommunications Services: Other
Single Bidder
Synopsis
Straight Path Communications Inc. announced that it will sign a definitive merger agreement under which Verizon Communications Inc. will acquire Straight Path for $184.00 per share (reflecting an enterprise value of approximately $3.1 bn) in an all-stock transaction that is intended to qualify as a tax-free reorganization.
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