A Verizon spokeswoman said the company was examining the ruling and that the FCC's merger order approving the Bell Atlantic-GTE deal also had similar language about re-absorbing the affiliate if the court ruled against them.
SBC shares closed up $1-13/16 to $51-15/16 and Verizon shares closed $1-1/4 higher at $55-1/2 on the New York Stock Exchange.
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