Scalper1 News
Verizon Communications (VZ) ruled out stock buybacks for at least two or three years as it aims to slash debt following its $130 billion buyout of Vodafone ‘s (VOD) 45% stake in Verizon Wireless, the company said on Monday. Verizon took on more than $60 billion in debt as part of the Vodafone deal, which also included stock. Verizon issued 1.27 billion new shares to Vodafone shareholders. Verizon had gross debt of $114 billion as of Friday, when Scalper1 News
Scalper1 News