Verizon Communications/Terremark Worldwide
On January 27, 2011, Verizon Communications Inc. (NYSE: VZ) and Terremark Worldwide Inc. (Nasdaq: TMRK) announced that they have entered into a definitive agreement whereby Verizon will acquire all outstanding shares of Terremark for $19 per share in cash, or a total consideration of $1.4 billion.
Pursuant to the agreement, Verizon anticipates that it will commence a tender offer between Feb. 10, 2011, and Feb. 17, 2011, for all shares of common stock of Terremark.
Closing is expected in Q111.
Verizon was represented by Goldman Sachs and Weil, Gotshal & Manges.
Terremark was represented by Credit Suisse Securities (USA) LLC and Greenberg Traurig.
Pursuant to the agreement, Verizon anticipates that it will commence a tender offer between Feb. 10, 2011, and Feb. 17, 2011, for all shares of common stock of Terremark.
Closing is expected in Q111.
Verizon was represented by Goldman Sachs and Weil, Gotshal & Manges.
Terremark was represented by Credit Suisse Securities (USA) LLC and Greenberg Traurig.
