Frontier, Verizon Communications
Exclusive-Verizon bid for Frontier faces investor skepticism, sources say
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 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 Communications Parent Inc., according to people familiar with the matter.
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 ...
Verizon Makes a $3.3 Billion Deal to Help Protect Its Towering Dividend
However, the deal will delay Verizon's ability to achieve its leverage target. Credit rating agency Fitch expects Verizon's ...
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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 ...
Verizon: A New Chapter In Telecom History
Verizon's strategic acquisition of Frontier Communications for $20B aims to expand its fiber broadband footprint. See why I ...
Verizon outage: Wireless carrier is aware of ‘issue impacting service’ as thousands of users report problems
Verizon says it is "aware of an issue impacting service for some customers" as tens of thousands are reporting network issues ...