Debevoise Advises Verizon in its Agreement to Acquire Vodafone's 45 Percent Interest in Verizon Wireless for $130 Billion
Debevoise & Plimpton LLP is advising Verizon Communications Inc. in its agreement with Vodafone Group Plc to acquire Vodafone’s U.S. group with the principal asset of 45 percent of Verizon Wireless for $130 billion, consisting primarily of cash and stock.
The transaction was unanimously approved by the boards of directors of Verizon and Vodafone, and is subject to customary closing conditions, including regulatory approvals and the approval of both companies’ shareholders. The transaction is expected to close in the first quarter of 2014.