Verizon recommends stockholders reject mini-tender offer from ponos industries llc

New york, july 10, 2020 (globe newswire) -- verizon communications inc. (“verizon”) received notice of a "mini-tender" offer by ponos industries llc (“ponos”) and recommends that its stockholders reject the unsolicited offer. pursuant to the offer, which is dated june 26, 2020, ponos is offering to purchase up to 2 million shares of verizon common stock at $60.00 per share. while this price is above the current market price of verizon common stock, the offer is conditioned upon the closing price of verizon’s shares exceeding the $60.00 offer price, as noted below. the offer expires on july 30, 2020, unless extended.  verizon is not associated with ponos or its “mini-tender” offer. 
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