Frontier Communications Comments on ISS and Glass Lewis Recommendations
Portfolio Pulse from
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