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Verizon

(VZ) - Get Verizon Communications Inc. Report

was down 4.6% at midday after

Verizon Wireless

, which it jointly owns with

Vodafone

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TheStreet Recommends

(VOD) - Get Vodafone Group Plc Report

, announced it would buy the wireless unit of

Price Communications

(PR)

.

The deal also calls for Verizon Wireless to assume $550 million in debt. Vodafone was down 2%, Price was up 0.6%.