We are investigating the fairness of the proposed sale of Frontier Communications Parent, Inc. (Nasdaq: FYBR) (“Frontier”) to Verizon Communications Inc. (“Verizon”) for $38.50 per share in cash.
If you remain a Frontier shareholder and have concerns about the fairness of the price, you may contact our firm to discuss your legal rights at no charge by completing and submitting the form below.
Our investigation includes whether the sales price agreed upon is fair to Frontier shareholders, and whether all material information regarding the transaction has been fully disclosed.
In particular, when announcing Q2 2024 results on August 2, 2024, Frontier:
- Added a record 388,000 fiber passings to reach 7.2 million total locations passed with fiber
- Added a record 92,000 fiber broadband customers, resulting in fiber broadband customer growth of 18.6% year-over-year
- Delivered accelerating revenue growth and continued strong EBITDA growth
- Set new industry standard with Net Promoter Score six times higher than closest cable competitor
- Raised the low end of Adjusted EBITDA guidance following strong first half performance