The Proposed FairPoint Purchase of Verizon’s Properties

Jun 08, 2009 · Frontier will give Verizon shareholders $5.3 billion in Frontier stock and give Verizon $3.3 billion in cash. The deal is structured to take advantage of a tax loophole so that Verizon will not have to pay any taxes on the $3.3 billion it gets. The proposed transaction must be approved by the Federal Communications Commission and the state ... ................
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