This excerpt taken from the VZ 8-K filed Mar 31, 2008.
Through Close of Business Today
Beginning March 5 and continuing through the close of business today, there have been two markets in Verizon common stock on the New York Stock Exchange: a regular way market (which included the right to receive shares of Spinco common stock to be converted to FairPoint common stock) and an ex-distribution market (which excluded this right, under the ticker symbol VZ wi).
Verizon has been advised by the NYSE that regular way trading under the symbol VZ includes the right to receive Spinco common stock through the close of business today. Similarly, when-issued trading in Verizon common stock under the symbol VZ wi will continue on the NYSE through the close of business today. As a result, if a Verizon stockholder sells shares of Verizon common stock under the symbol VZ through the close of business today, the Verizon stockholder will continue to be selling both his or her shares of Verizon common stock and the associated right to receive shares of FairPoint common stock in the merger of Spinco and FairPoint.
Verizon News Release, page 3
For further information, see the Current Report on Form 8-K filed by Spinco with the Securities and Exchange Commission on Feb. 29, 2008 and available online at www.sec.gov.
Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates Americas most reliable wireless network, serving nearly 66 million customers nationwide. Verizons Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nations most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 235,000 and last year generated consolidated operating revenues of $93.5 billion. For more information, visit www.verizon.com.
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