Verizon Communications Agrees to Buy AOL for $50/Shr



PRN 05/12 11:00 Verizon to Acquire AOL
BN 05/12 11:03 *VERIZON CITES PLAN TO RETURN TO CREDIT RATINGS LEVEL IN '18-'19
BN 05/12 11:03 *VERIZON STILL SEES RETURNING TO PRE-VODAPHONE CREDIT RATINGS
BN 05/12 11:02 *VERIZON-AOL DEAL HAS PREMIUM ABOUT 17.3% TO CLOSE OF MAY 11
BN 05/12 11:01 *VERIZON SAYS DEAL TO BE TENDER FOLLOWED BY MERGER
BN 05/12 11:00 *VERIZON: TIM ARMSTRONG TO CONTINUE TO LEAD AOL OPS
BN 05/12 11:00 *VERIZON: TIM ARMSTRONG TO LEAD AOL OPS AFTER CLOSING
BN 05/12 11:00 *VERIZON SEES FUNDING DEAL WITH CASH ON HAND, CP
BN 05/12 11:00 *VERIZON SEES FUNDING DEAL W/ CASH ON HAND & COMMERCIAL PAPER
BN 05/12 11:00 *VERIZON TO BUY AOL IN DEAL VALUED AT ABOUT $4.4B
BFW 05/12 11:00 *VERIZON TO BUY AOL FOR $50/SHR
BN 05/12 11:00 *VERIZON TO BUY AOL FOR $50/SHR
BN 05/12 11:00 *VERIZON TO BUY AOL

Verizon Communications Agrees to Buy AOL for $50/Shr
2015-05-12 11:01:47.613 GMT


By Brad Skillman
(Bloomberg) -- VZ says deal has estimated value $4.4b
* 17% premium
* VZ will pay with cash on hand, commercial paper, sees deal
closing this summer

Link to Statement:Link
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Link to Company News:{VZ US <Equity> CN <GO>}

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Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net