Frontier, Verizon Communications and Cooper Investors
Verizon bid for Frontier faces investor skepticism, sources say
NEW YORK (Reuters) - 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.
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.
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.
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.
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Reuters4d
Exclusive: Verizon bid for Frontier faces investor skepticism, sources say
NEW YORK, Oct 14 (Reuters) - Some of Frontier Communications' (FYBR.O), opens new tab largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications (VZ.N ...