Christopher Palmeri / Bloomberg:

Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023  —  Investors will get $38.50 a share in cash, a 37% premium to the $28.04 closing price on Tuesday, the day before news of a pending deal came out.

Christopher Palmeri / Bloomberg:

Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023  —  Investors will get $38.50 a share in cash, a 37% premium to the $28.04 closing price on Tuesday, the day before news of a pending deal came out.

Source: TechMeme
Source Link: http://www.techmeme.com/240905/p12#a240905p12