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.
Frontier Communications (NASDAQ:FYBR) holder Glendon Capital Management is calling for the special meeting on the firm's ...
KeyBanc last night downgraded Verizon (VZ) to Sector Weight from Overweight without a price target. The company’s Q3 results were below ...
Telecom giant Verizon's pending $20 billion Frontier Communications acquisition and its recently acquired spectrum from U.S ...
Inc. (“Frontier” or “Company”). The Proposed Transaction with Verizon does NOT represent fair value to Frontier ...
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 ...
The Motley Fool on MSN1d
Why Verizon Stock Was Slipping TodayVerizon posted mixed results in its third-quarter earnings report. Revenue growth was weak due to an underwhelming ...
KeyBanc Capital Markets analysts cut their rating on Verizon (NYSE:VZ) shares to Sector Weight from Overweight after the telecommunications company reported quarterly results below expectations.
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