(“Terremark” or the “Company”) (NASDAQ:TMRK - News) related to the Company’s agreement to be acquired by Verizon Communications Inc. (“Verizon”). The proposed transaction is valued at approximately $1.4 billion. Terremark shareholders will receive $19.00 in cash per share for a total transaction value of $1.4 billion. Verizon also entered into agreements with three Terremark stockholders to tender their shares into the offer, representing approximately 27.6 percent of the outstanding voting shares of Terremark. The investigation concerns whether the Terremark Board of Directors breached their fiduciary duties to Terremark stockholders by failing to adequately shop the Company before entering into this transaction and whether Verizon is underpaying for Terremark shares, thus unlawfully harming Terremark stockholders.
This is one worth watching because the final organization will dominate the digital service delivery market. Buying Verizon Communications Inc. Com (NYSE: VZ ) After Hours: 36.29
0.02 (0.06%) now is a wise choice, buying Terremark would not be smart unless one of the pending legal battles prevail. 
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