What is a tender offer?
A tender offer allows existing shareholders to tender or sell their shares at a specified price determined by the company. Current shareholders will receive a notice via mail or email with the terms of the offer and the expiration date for instruction. VZ shareholders have received a tender offer.
You can either let the tender offer expire, or request to opt into the tender offer.
Let Tender Offer Expire
To let your tender offer expire, no further action is needed by you
Tender My Shares
Here is the information available for the VZ tender offering:
OPT 01: TENDER 1-19 SHARES @ WIGHTED AVERAGE LESS FEE R/D 05/10/23
OPT 02: TENDER 20-99 SHARES @ WIGHTED AVERAGE LESS FEE R/D 05/10/23
OPT 03: PURCHASE ADDITIONAL SHARES TO INCREASE TO 100 SHARES
HOLDERS WHO WISH TO PURCHASE ADDITIONAL SHARES TO REACH EXACTLY 100 SHARES ARE TO FOLLOW THE PROCEDURES IN THE OFFERING MATERIALS. VERIZON COMMUNICATIONS, INC., IS PLEASED TO ANNOUNCE A VOLUNTARY PROGRAM, MANAGED BY GEORGESON LLC (GEORGESON), THROUGH WHICH SHAREHOLDERS OWNING FEW THAN 100 SHARES OF AS OF 05/10/2023 RECORD DATE MAY SELL THEIR SHARES OR PURCHASE ENOUGH ADDITIONAL SHARES TO INCREASE YOUR HOLDINGS TO 100 SHARES.
ON A WEEKLY BASIS, ENDING ON A FRIDAY, SHARES SUBMITTED FOR SALE WILL BE MATCHED TO SHARES REQUESTED FOR PURCHASE BY OTHER PARTICIPATING SHAREHOLDER THE BALANCE OF SHARES NOT MATCHED WILL BE TRADED IN THE OPEN MARKET THROUGHOUT THE RESPECTIVE WEEK AND A FEW DAYS AFTERWARD. A WEIGHTED AVERAGE PRICE WILL BE DETERMINED BY THESE MARKET TRADES FOR THE RESPECTIVE WEEK AND THAT IS THE ACTUAL PRICE SHAREHOLDERS WILL BE PAID OR WILL PAY.
A PROCESSING FEE OF $3.10 PER SHARE(UP TO A MAXIMUM OF $60 PER ACCOUNT)WILL BE CHARGED BY GEORGESON AND DEDUCTED FROM YOUR PROCEEDS OR PURCHASE DEPOSIT TO DEFRAY THE COST OF THIS PROGRAM.
If you would like to proceed and tender your shares, please contact us and let us know which option you would like to proceed with. From there, we will be able to assist you in your request.
Requests made 1-2 business days before the expiration date of 06/09/23 are processed on a best-efforts basis.
Please note that there is a $50 fee per account in which the shares are tendered if the value of the tendered shares is greater than $100.