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Verizon, Frontier Communications
Verizon’s Takeover of Frontier Communications Wins Shareholder Support
Investors are set to approve the $9.6 billion deal that some shareholders had opposed as too low.
Frontier shareholders approve $9.6 billion deal with Verizon
Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price. Shareholders had until Wednesday to cast their votes on a deal that Verizon's CEO Hans Vestberg called a "strategic fit" that would allow the company to be more competitive in additional markets.
Frontier shareholders approve Verizon acquisition, despite public stakeholder objections
The deal has been approved despite a lot of noise from several Frontier investors in recent weeks that Verizon's bid undervalues the company. Several Frontier shareholders have expressed their opposition to the deal, including Glendon Capital Management, Cooper Investors Pty Limited, and Cerberus.
Frontier Communications Shareholders Approve Acquisition By Verizon: Retail Gives A Thumbs-Up
Shareholders of pure-play fiber internet provider Frontier Communications Parent, Inc. ($FYBR) on Wednesday have approved the acquisition of the company by Verizon Communications Inc. ($VZ) at a special meeting.
Frontier Communications gains as holders approve Verizon deal
Update 10:23am: Adds Frontier confirmation. Frontier
Communications
(NASDAQ:FYBR) rose 2% after its shareholders approved its planned $9.6 billion sale to
Verizon
(VZ).
Verizon
rose 1.3%. Approximately 63% of stockholders voted for the deal, with ten of ...
Dallas Morning News
2d
Major shareholders cast doubt on Verizon’s $20 billion deal for Frontier Communications
With two days until the approval vote from shareholders,
Verizon
’s proposed acquisition of Dallas-based internet provider ...
1d
on MSN
Why Verizon Stock Inched Higher Today
Verizon Communications' (NYSE: VZ) major news on Wednesday was entirely expected. Verizon's shares closed the trading session ...
2d
Verizon Outage: Fios Down for Millions of People
The Verizon Fios outage and reported problems map provided by Downdetector shows the part of the US currently impacted by the ...
2d
Verizon Provides Internet Outage Update to Fios Customers
After millions on the East Coast experienced Verizon Fios internet outages on Tuesday morning, the internet provider failed ...
1d
Better Telecom Stock: AT&T vs. Verizon
Both telecom giants boast dividends with attractive yields, but investors will want to look closely at their growth potential ...
Dallas Morning News
2d
Shareholders for Dallas-based Frontier approve $9.6 billion deal with Verizon
Dallas-based Frontier
Communications
shareholders have approved a $9.6 billion sale to
Verizon
, the company said on ...
1d
on MSN
Is Verizon Communications Inc. (VZ) Among The Top Dividend Contenders Right Now?
Top 15. In this article, we are going to take a look at where Verizon Communications Inc. (NYSE:VZ) stands against the other ...
4d
Is Verizon Stock a Buy Now?
The Frontier purchase will be an all-cash transaction valued at $20 billion. According to media reports, Verizon looks to ...
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