Why TransCanada, Chemtura, Yahoo, Verizon, and More Are in the Spotlight

Verizon Communications Inc. (NYSE:VZ)‘s $4.8 billion acquisition of Yahoo! Inc. (NASDAQ:YHOO) isn’t looking like a slam dunk any more, at least not according to the New York Post, which claims that Verizon’s top executives are mad that the internet company didn’t notify them of the hacking of 500 million Yahoo user accounts sooner. According to the Post’s sources:

“Verizon is livid they were not informed during due diligence and infighting … is impacting the Yahoo deal and this could be the escape clause… I would expect a price renegotiation at a minimum.”

Although it is unclear when Yahoo’s top executives were notified of the hack, some experts think that CEO Marissa Mayer knew of a breach probe as early as July. Verizon execs, on the other hand, were informed just a few days before the public found out. While some experts think the terms of the deal might be altered, other experts have argued for the status quo, opining that it is hard to prove that the hack is clearly a material adverse change.

According to our records, 81 funds were long Yahoo! Inc. (NASDAQ:YHOO) at the end of June, while 52 were shareholders of Verizon Communications Inc. (NYSE:VZ).

Disclosure: None