MoffettNathanson Downgrades Frontier Communications (FYBR) to Neutral

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Go back to MoffettNathanson Downgrades Frontier Communications (FYBR) to Neutral

FYBR Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Frontier Communications to Verizon

September 5, 2024 9:27 AM EDT

MONSEY, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Frontier Communications Parent, Inc. (Nasdaq: FYBR) (Frontier) to Verizon Communications Inc. (Verizon) for $38.50 per share in cash.

Wohl & Fruchters investigation includes whether the sales price agreed upon is fair to Frontier shareholders, and whether all material... More

FYBR Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Frontier Communications to Verizon

September 5, 2024 9:26 AM EDT

MONSEY, N.Y., Sept. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Frontier Communications Parent, Inc. (Nasdaq: FYBR) (Frontier) to Verizon Communications Inc. (Verizon) for $38.50 per share in cash.

Wohl & Fruchters investigation includes whether the sales price agreed upon is fair to Frontier shareholders, and whether all material... More

Verizon to acquire Frontier

September 5, 2024 6:00 AM EDT

Key Highlights:

Increases scale with 2.2 million fiber subscribers and will extend Verizons network reach to 25 million premises across 31 states and Washington, D.C.Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closingVerizon reaffirms full-year 2024 guidanceProjected to generate at least $500 million in annual run-rate cost synergiesVerizon to host investor conference call today at 8:00 AM Eastern Time

NEW YORK and DALLAS, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, NASDAQ: VZ) and... More