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TechRadar
TechRadar
Craig Hale

Verizon-Frontier acquisition in rocky waters as investors eyeball per-share offer

Frontier Verizon
Verizon logo on a building with blue sky above.

Some of Frontier Communications’ largest shareholders have voiced concerns over the company’s planned takeover by Verizon Communications – a deal worth an estimated $9.6 billion, reports have claimed.

Glendon Capital Management, the company’s second-largest investor, allegedly plans to vote against the deal according to unnamed sources familiar with the matter cited by Reuters.

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