I originally bought Alaska because I got a $65 roaming bill a few years ago when I spent time in Alaska - I figured if all the tourists like me spent $65 on roaming (via Verizon) they should make some money. I own Verizon also, and they pay a nice 5.4% dividend. . .If this is an all stock transaction, I still get a 5.4% dividend and more shares of Verizon - I think the takeover price would be about $9 a share on current calculations, but could be a bit higher. The only other possibility is some kind of a long term joint operating agreement, where Verizon brands in Alaska but is carried on Alaska's network - either way, Verizon will be in Alaska.
Your comments about Verizon taking over are interesting. We live In Anchorage also/my husband noticed this new Verizon building next to the ACS also and said as much. Not sure if it wont drop further however before it goes back up.