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.
Verizon, KeyBanc
Telecom giant Verizon's pending $20 billion Frontier Communications acquisition and its recently acquired spectrum from U.S ...
Telecom giant Verizon Communications (NYSE: VZ) was looking somewhat diminished on the penultimate trading day of the week, ...
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 ...
Verizon maintains a strong 6.5% dividend yield, comfortably supported by its free cash flow, despite stagnant financial ...
The Motley Fool on MSN2d
Why Verizon Stock Was Slipping TodayVerizon posted mixed results in its third-quarter earnings report. Revenue growth was weak due to an underwhelming ...
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