What is the significance of the closing date being January 9, 2009?

This date signifies the anticipated finalization of Verizon's acquisition of Alltel. Investors view this as a crucial milestone that will allow them to assess the immediate impact of the merged entity on Verizon's market share, operations, and financial performance.

Are there any conditions that could prevent the merger from closing on January 9, 2009?

Yes, the filing states that the closing date is subject to the satisfaction or waiver of the closing conditions set forth in the Merger Agreement. While not detailed in this specific filing, such conditions typically include regulatory approvals, financing arrangements, and other standard corporate transaction requirements.

What are the potential risks associated with this merger closing?

The filing includes a forward-looking statement disclaimer that highlights various risks. These include adverse economic and industry conditions, challenges in integrating technology and operations, regulatory hurdles, competitive responses, and potential issues with financing or credit markets. Investors should monitor these factors closely.

VZ 8-K SEC Disclosure — Jan 2, 2009

Q: What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to formally announce that Verizon Wireless has provided notice to Alltel Corporation, setting January 9, 2009, as the expected closing date for the merger. This is a key procedural step indicating the acquisition is nearing completion.

Summary

Verizon Communications Inc. (VZ) filed an 8-K on January 2, 2009, to report a significant event related to its ongoing acquisition of Alltel Corporation. Specifically, the company announced that Verizon Wireless has provided notice to Alltel Corporation, setting January 9, 2009, as the expected closing date for the merger. This date is contingent upon the fulfillment or waiver of all conditions outlined in the original Merger Agreement dated June 5, 2008. This development is crucial for investors as it signals the imminent finalization of a major acquisition that is expected to significantly reshape Verizon's wireless market presence and competitive landscape. Investors will be keen to understand the potential synergies, integration plans, and the financial impact of this merger, particularly in the context of the economic conditions prevailing at the time. The filing also includes a standard cautionary note regarding forward-looking statements, highlighting various risks that could influence future results.

Key Highlights

1Verizon Wireless has officially set January 9, 2009, as the anticipated closing date for its acquisition of Alltel Corporation.
2This date is contingent on the satisfaction or waiver of all closing conditions stipulated in the Merger Agreement dated June 5, 2008.
3The announcement was made via an 8-K filing on January 2, 2009, indicating a formal step towards the completion of the merger.
4The transaction involves Cellco Partnership (doing business as Verizon Wireless), AirTouch Cellular, Abraham Merger Corporation, Alltel Corporation, and Atlantis Holdings LLC.
5The filing includes a standard safe harbor statement for forward-looking statements, listing potential risks that could impact future results.
6Key risks mentioned include adverse economic and industry conditions, technological disruptions, regulatory proceedings, competitive pressures, and financing costs.

VERIZON COMMUNICATIONS INC 8-K Report, Corporate Update (Jan 2, 2009)

Summary

Key Highlights

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