Mar312008
Higher interest rates almost - but don’t quite - scuttle FairPoint Verizon deal
Filed under Uncategorized by david brooks at 6:05 am
The extra financial baggage caused by the credit crisis had some regulators worried, so they held special meetings this weekend on the sale of Verizon’s landlines to FairPoint. But they have let the deal go through anyway. (It officially closed today, with a complicated stock swap.)
I’m not quite sure what else they could have done. Slapping more financial requirements on at this point could have really messed things up. Now the fun part begins.

