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TechKim

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TechKim

Re: None

Tuesday, 07/31/2007 12:12:57 AM

Tuesday, July 31, 2007 12:12:57 AM

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Verizon Communications' (down $0.49 to $41.51, Charts, Fortune 500) wireless division, a joint venture with Vodafone Group (down $0.21 to $30.43, Charts), also announced it would purchase Rural Cellular (up $10.95 to $42.76, Charts) for $757 million, sending shares of the smaller carrier nearly 34 percent higher on the Nasdaq.

In related news, Verizon also reported improved earnings that met forecasts Monday.

================================================================

buy outs and mergers are still ongoing.


TechKim

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