Verizon Acquisition Of Vodafone's 45% Interest In Verizon - Tax Cost Basis To Be Determined Later

Background:

Verizon and Vodafone may both be in your portfolio if you owned AT&T before the January 1, 1984 divestiture. Verizon was formed June 3, 2000 when Bell Atlantic (a "baby bell") merged with GTE. Vodafone acquired AirTouch for stock on June 30, 1999. AirTouch was spun off by Pacific Telesis (a "baby bell") in 1994.

Announced 9/2/2013:

On 9/2/2013 Verizon Communications, Inc (symbol VZ) and Vodafone Group Plc (symbol VOD) announced their intentions for Verizon to buy Vodafone's 45% interest in Verizon.  This proposed transaction has received unanimous approval of Verizon and Vodafone's boards of directors.

This transaction will require regulatory approvals.  Thus, it is not yet known when the transaction will be completed.  It is estimated that this process may be completed in the first quarter of 2014.  There are thoughts that this could cause a new round of mergers and acquisitions in the telecommunications industry.

Announced 2/18/2014:

On 2/18/2014 Verizon Communications, Inc announced that the buyout is expected to take place on February 21.

Announced 2/21/2014:

On 2/21/2014 the buyout has been completed. Vodafone shareholders will receive shares in Verizon.

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BTW, Vodafone is *not* spelled Vodaphone!

If you owned AT&T before the January 1, 1984 AT&T divestiture, you might own both Verizon and Vodafone before this 45% purchase. If this 45% buyout goes through,  you will be a shareholder in Verizon and Vodafone, but in different proportions than before the buyout. Your tax cost basis will also change Figuring your Verizon and Vodafone tax basis could be very time consuming.  However, if you have the AT&T Divestiture Basis Tracker, this computation is done automatically.

The AT&T, Verizon and Vodafone tax cost basis (or stock basis) can most easily computed using the AT&T Divestiture Basis Tracker. You can order the Denver Tax Software, Inc. AT&T Divestiture Basis Tracker.

Order & Download AT&T Divestiture Basis Tracker Now! Special discounted price for orders before 9/20/2014 $79. Regular Price $119. (3,011 KB Approx. 3 minute download [broadband]). Order licenses for additional machines.

See the 9/2/2013 announcement.

See the 2/18/2014  announcement.

See the 2/21/2014 announcement.

Get more information about the AT&T Divestiture Basis Tracker.

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