Frontier’s 2nd Biggest Investor Opposes Sale to Verizon
Another investor says it will reject Verizon's $20bn offer for Frontier
Another Frontier Communications shareholder has confirmed it will reject Verizon's proposed $20 billion acquisition of Frontier. In a letter to Frontier's board, Glendon Capital Management, which owns around 10 percent of shares in the company, confirmed its stance following a Reuters report last week that it wasn't satisfied with the deal.
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Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon , saying that it had ...
Frontier Communications Parent, Inc. (NASDAQ: FYBR) ("Frontier") today posted on its investor relations website and filed ...
Verizon maintains a strong 6.5% dividend yield, comfortably supported by its free cash flow, despite stagnant financial ...
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Why Verizon Stock Was Slipping TodayVerizon posted mixed results in its third-quarter earnings report. Revenue growth was weak due to an underwhelming ...
In the letter, Glendon expressed its belief that Frontier’s enterprise value is at least $26B today, 30% higher than the current $20B enterprise value ascribed from the Verizon Transaction, based ...
Telecom giant Verizon's pending $20 billion Frontier Communications acquisition and its recently acquired spectrum from U.S ...
Verizon’s quarter raised concerns over stagnant ARPA growth despite net additions. Read more to explore VZ stock and ...
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