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 ...
Inc. (“Frontier” or “Company”). The Proposed Transaction with Verizon does NOT represent fair value to Frontier ...
Verizon maintains a strong 6.5% dividend yield, comfortably supported by its free cash flow, despite stagnant financial ...
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 ...
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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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