Frontier Communications Comments on ISS and Glass Lewis Recommendations
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Frontier Communications has responded to ISS and Glass Lewis' recommendations to abstain from voting on its proposed transaction with Verizon. Frontier's Board believes Verizon's all-cash offer of $38.50 per share is highly attractive.
November 07, 2024 | 10:15 pm
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Frontier Communications disagrees with ISS and Glass Lewis' recommendations to abstain from voting on its transaction with Verizon, viewing the $38.50 per share offer as highly attractive.
Frontier Communications' Board believes the Verizon offer is beneficial, which could positively influence investor sentiment and potentially lead to a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100