Frontier, Verizon Communications
Verizon bid for Frontier faces investor skepticism, sources say
NEW YORK (Reuters) - Some of Frontier Communications' largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications, with its second-largest investor planning to vote against the deal,
Cooper Investors slams Verizon’s Frontier takeover price
The Australian fund manager is the first Frontier shareholder to publicly say it plans to vote against the takeover by Verizon.
Frontier Investor Opposes Verizon Acquisition
Cooper Investors said in a letter to Frontier's board on Tuesday that the $38.50 per-share acquisition price offered by Verizon significantly undervalues the telecommunications company and fails to adequately compensate shareholders for the synergies that the merger would produce.
Cooper Investors: Verizon's offer for Frontier significantly undervalues the company
Coopers, which is a stakeholder in Frontier, said the offer from Verizon undervalues the company by between 24 and 62 percent. Verizon announced last month that it had agreed to an all-cash acquisition of Frontier in a deal expected to be worth $20 billion.
Verizon bid for Frontier faces investor skepticism
When the deal was announced last month, it represented a 44% premium to Frontier's 90-day volume-weighted average share price. Verizon CEO Hans Vestberg called the acquisition "a strategic fit" that would allow the company to be more competitive in additional markets.
Verizon Q3 Earnings Preview: Frontier Won't Save The Day
Verizon has a track record of overpaying and underdelivering on M&A deals, and I fear Frontier will be more of the same. See ...
TechRadar4d
Verizon-Frontier acquisition in rocky waters as investors eyeball per-share offer
Some of Frontier Communications’ largest shareholders have voiced concerns over the company’s planned takeover by Verizon Communications – a deal worth an estimated $9.6 billion, reports ...
Bloomberg L.P.10d
Verizon Lines Up $10 Billion in Debt for Frontier Acquisition
Verizon Communications Inc. has lined up $10 billion of short-term bank funding to help fund its purchase of Frontier ...
Verizon: A Textbook Buy On Upside Breakout
The Frontier acquisition is expected to enhance Verizon's wireless and broadband market position. Read why investors should ...
The Badger Project on MSN3d
The Badger Project: Verizon is purchasing Frontier. How will that affect customers in Wisconsin?
Dawson noted he was “amused” by the fact that Frontier grew to its current size by buying cast-off copper wire networks, used ...
Reuters5d
Exclusive: Verizon bid for Frontier faces investor skepticism, sources say
NEW YORK, Oct 14 (Reuters) - Some of Frontier Communications' (FYBR.O), opens new tab largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications (VZ.N ...
Frontier's second-largest holder plans to vote against sale to Verizon - Reuters
Frontier Communications' (NASDAQ:FYBR) second-largest shareholder plans to vote against its planned almost $10 billion sale ...