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Verizon Wireless has agreed to purchase Alltel Corp. in a transaction valued at $28.1 billion. Once the deal is complete, Verizon will be the leader in U.S. wireless services, overtaking AT&T Inc. Also, Procter & Gamble Co. and J.M. Smucker Co. have agreed to merge P&G's Folger coffee brand in a tax-free deal worth $3.3 billion that is expected to close by the end of the year.
June 12, 2008 at 12:00 AM
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