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Verizon Extends Tender Offer For All Outstanding Shares of Terremark Worldwide, Inc. Signs Memorandum of Understanding For Settlement of Merger

By TechAgreements

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NEW YORK - Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that, in connection with the settlement of purported class action lawsuits that related to its agreement to acquire Terremark Worldwide, Inc. (NASDAQ: TMRK), it has extended its tender offer for all outstanding shares of Terremark for $19.00 per share in cash without interest and less any required withholding taxes.

Full post as published by TechAgreements on February 28, 2011 (boomark / email).

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