What was the spinoff stock price of Frontier Communications from Verizon?
$7.1846 per share
In the distribution, each Verizon stockholder received one share of Frontier common stock for every 4.165977 shares of Verizon common stock held as of 5:00 pm Eastern time on June 7, 2010. Fractional shares resulting from the spin-off were sold at a price of $7.1846 per share of Frontier common stock.
How much did Verizon buy Vodafone for?
LONDON/SAN DIEGO (Reuters) – Verizon Communications agreed on Monday to pay $130 billion to buy Vodafone Group out of its U.S. wireless business, signing history’s third largest corporate deal announcement to bring an end to an often tense 14-year marriage.
Is Verizon linked to Vodafone?
It was founded in 2000 as a joint venture of American telecommunications firm Bell Atlantic, which would soon become Verizon Communications, and British multinational telecommunications company Vodafone. Verizon Communications became the sole owner in 2014 after buying Vodafone’s 45-percent stake in the company.
How do you calculate stock basis after a spin off?
Multiply the individual stock proportions by your original cost basis. If your original cost basis was $120 per share and the spin-off receives a 40 percent cost basis allocation, the net cost basis for the spin-off will be $48. The remaining $72 in cost basis is allocated to the original company.
When did FTR reverse split?
July 10, 2017
–(BUSINESS WIRE)–As previously announced, Frontier Communications Corporation (NASDAQ:FTR) will implement its 1-for-15 reverse stock split of the issued shares of common stock as of the beginning of trading on Monday, July 10, 2017.
When did Verizon take over Vodafone?
About Verizon Wireless Founded in 2000 as a joint venture of Verizon and Vodafone, Verizon Wireless reported $75.9 billion in operating revenues in 2012 and $39.5 billion in the first half of 2013. Operating income margin was 28.7 percent in 2012 and 32.6 percent in the first half of 2013.
What band does Verizon use?
What LTE bands does Verizon use? Verizon Wireless was the first to arrive to the 4G LTE race and it has also built its nationwide network based on 700 MHz spectrum, but the primary band for Verizon is band 13. Bands 2 and 4 are used to strengthen the signal in the densely populated urban areas.
When did Verizon buy Verizon Wireless?
In September 2013, Verizon purchased the 45% stake in Verizon Wireless, previously owned by Vodafone, for $130 billion. The deal closed on February 21, 2014, and became the third largest corporate deal ever signed, giving Verizon Communications sole ownership of Verizon Wireless.
Does a spinoff have a cost basis?
Stock Spin-Offs Occasionally a company will spin off shares in another company to all of its shareholders. Basically the entire transaction is a zero sum event in which the total cost basis of all the shares owned after the spin-off equals your total cost basis in the shares owned before the spin-off.
What is the cost basis for Viatris?
This results in a tax basis of approximately $4.19 per share, with approximately $519.67 allocated to the 124 shares received of Viatris common stock and approximately $0.33 allocated to the Viatris fractional share in respect of which cash is received.