Verizon Completes Acquisition Of Straight Path Communications

3/1/18

Verizon Communications has completed its $3.1 billion acquisition of Glen Allen-based Straight Path Communications.

Under a deal announced in May, Verizon paid the equivalent of $184 per share in stock. Verizon also paid a $38 million termination fee that Straight Path owed to AT&T after initially accepting a lower offer from that company.

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