sentences:  The parties then completed a Reverse Morris Trust with Fairpoint, where the original Verizon shareholders had a majority ownership of the newly merged company and the Fairpoint management ran the new company.Verizon was able to divest their access lines in a tax-free manner and continued to focus on higher growth wireless business.Procter & Gamble Co. was planning to sell its Pringles line of snacks to Diamond Foods Inc. in a leveraged, reverse Morris Trust split-off.