Verizon-Frontier acquisition in rocky waters
Cooper Investors: Verizon's offer for Frontier significantly undervalues the company
Coopers, which is a stakeholder in Frontier, said the offer from Verizon undervalues the company by between 24 and 62 percent. Verizon announced last month that it had agreed to an all-cash acquisition of Frontier in a deal expected to be worth $20 billion.
Zooming in on an example, the Cooper-Standard Holdings Inc. (NYSE:CPS) share price dropped 58% in the last half decade.
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In the letter, Cooper Investors expressed its belief that the standalone value of Frontier is as much as 62% higher than Verizon's offer price and that the fair transaction value would be up to 94 ...
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MELBOURNE - Cooper Investors Pty Limited, an Australian global investment manager and a significant shareholder in Frontier Communications (OTC:FTRCQ) Parent, Inc. (NASDAQ: FYBR), has publicly ...
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