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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 stockholders approve $20B Verizon deal
Frontier Communications announced its shareholders gave a stamp of approval for Verizon's proposed $20 billion deal to buy the company.
Majority of Frontier stockholders approve of acquisition by Verizon
Over 60 percent of Frontier Communications stockholders have approved a merger agreement proposal with Verizon.
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 $9.6 billion sale to
Verizon
(VZ).
Verizon
rose 1.3%. Approximately 63% of stockholders voted for the deal, with ten of ...
Frontier shareholders approve Verizon acquisition, despite public stakeholder objections
The deal has been approved despite a lot of noise from several Frontier investors in recent weeks that Verizon's bid undervalues the company. Several Frontier shareholders have expressed their opposition to the deal, including Glendon Capital Management, Cooper Investors Pty Limited, and Cerberus.
Frontier Communications Shareholders Approve Acquisition By Verizon: Retail Gives A Thumbs-Up
Shareholders of pure-play fiber internet provider Frontier Communications Parent, Inc. ($FYBR) on Wednesday have approved the acquisition of the company by Verizon Communications Inc. ($VZ) at a special meeting.
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 ...
Yahoo
2d
Frontier Stock Rises After Journal Reports Shareholders Are Set to Clear Verizon Deal
Frontier
Communications
shareholders are set to approve a $9.6 billion sale to
Verizon
, according to people familiar ...
1d
Frontier Communications Hold Rating: Awaiting Regulatory Approvals Amid Mixed Shareholder Sentiment
Caleb Stein, an analyst from Wells Fargo, maintained the Hold rating on Frontier Communications Parent (FYBR – Research Report). The ...
2d
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 ...
Dallas Morning News
3d
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 ...
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