Verizon (VZ) at Intraday Highs Amid 41,000 Pensioners Suing Over $7.5B Liability Transfer
Tweet Send to a FriendGet Alerts VZ Hot Sheet
Price: $51.39 -0.96%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +15.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 4.2%
EPS Growth %: +15.3%
Trade VZ Now!
Amid Verizon Communications Inc. (NYSE: VZ) retirees announcing plans to sue the company over its proposed sale of $7.5 billion in obligations to Prudential (NYSE: PRU), Verizon shares are at an intraday high Thursday afternoon.
According to the release, the sale will affect 41,000 former employees ERISA protection. More here.
The stock is up over 0.8 percent on the session.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to the release, the sale will affect 41,000 former employees ERISA protection. More here.
The stock is up over 0.8 percent on the session.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Intuitive Surgical (ISRG) Jury Reaches Positive Verdict in Robot Case; Shares Rise
- Angie's List (ANGI) CEO Oesterle Defends Against Citron Article; Says No Scheme in Place
- Bulls and Bears Do Battle in Aeropostale (ARO); Turnaround Intact?
Create E-mail Alert Related Categories
Insiders' Blog, Litigation
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
