Its not a given that the Alltel/Verizon merger will go through.
As much about finance as you do cell phones, you'd know this is nowhere near as bad as you'd like it to be.
From the link; As for the Verizon (NYSE: VZ) Wireless-Alltel deal, the credit difficulties have upped the price Verizon would have to cough up to consummate the acquisition, because Alltel bonds and other credit instruments would require increased infusions of capital. With its sterling credit rating, Verizon could still carry out the acquisition, but it would require more capital than was initially expected when the deal was announced earlier this year.
There is no 'last nail in the coffin' on the deal - more like a speed bump on the road.
From the link; As for the Verizon (NYSE: VZ) Wireless-Alltel deal, the credit difficulties have upped the price Verizon would have to cough up to consummate the acquisition, because Alltel bonds and other credit instruments would require increased infusions of capital. With its sterling credit rating, Verizon could still carry out the acquisition, but it would require more capital than was initially expected when the deal was announced earlier this year.
There is no 'last nail in the coffin' on the deal - more like a speed bump on the road.
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"The market seems to be worried that Verizon will choose to walk away rather than refinance at a higher rate," analyst Craig Moffett told the Bloomberg news service. Moffett is an analyst at Sanford C. Bernstein & Co.
Your right I know nothing about finance but Craig Moffett at bloomberg I bet does =)
Your right I know nothing about finance but Craig Moffett at bloomberg I bet does =)
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"The Market" is worried.
So?
They worry about lots of things, some that never come to pass, and markets drop for a bit, but then they find something to wet themselves with glee about, and markets go back up.
If you hear Alltel's CEO talking like "the market" - worry. Otherwise, it's a bunch of talk.
So?
They worry about lots of things, some that never come to pass, and markets drop for a bit, but then they find something to wet themselves with glee about, and markets go back up.
If you hear Alltel's CEO talking like "the market" - worry. Otherwise, it's a bunch of talk.
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Markets are now going back up as Gas Prices fall and cell phone carriers such as alltel still try to give us phones that other carriers have had for months at rates higher than other carriers sell for 😳 and yet they worry about markets, its a cell phone people will buy and use thats a given nobody is worried about all of that service will be fine customers will be okay the FCC will approve it and Verizon here i come 😁
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