Frontier shareholders approve Verizon acquisition amid strong support

On November 13, 2024, Frontier Communications Parent, Inc. announced that its stockholders approved the acquisition by Verizon Communications Inc. The vote took place during a special meeting, where about 63% of stockholders voted in favor of the merger proposal. This acquisition comes after the companies announced their merger agreement on September 5, 2024, which promises shareholders $38.50 per share in cash. This price reflects a 37% premium over Frontier's stock price prior to the announcement. The transaction is anticipated to close by the first quarter of 2026, pending a series of regulatory approvals and customary closing conditions.