Exclusive-Verizon bid for Frontier faces investor skepticism, sources say

Quick Summary:

NEW YORK : 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, three sources sources familiar with the firm's plans said.

Verizon and Frontier did not immediately respond to a request for comment.

The investor plans to vote against it when the deal comes up for shareholder vote on Nov.13, the sources said.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Vote Deal Management Firm Price Cent Frontier Sources Investor Verizon Plans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 06:10:48 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23059270

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 32 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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