Dominion Resources (NYSE: D) shares hit an all-time high this week. The catalyst: A proposed spin off of the company’s natural gas assets into a master limited partnership (MLP), with an initial public offering in the second quarter of 2014.
It’s been mere days since Verizon Communications (NYSE: VZ) announced it will buy Vodafone PLC’s (London: VOD, NYSE: VOD) 45 percent stake in Verizon Wireless. And scores of articles and opinions have already been posted.
That’s understandable. At roughly $130 billion, only Vodafone’s takeover of Mannesmann and AOL’s (NYSE: AOL) purchase of Time Warner (NYSE:TWX) rank larger in dollars. And both of those deals went off at the inflated valuations of the 1999-2000 generational top for technology and telecom.
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