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Top Frontier Investor Calls $20B Price Tag A 'Steal' For Verizon

By Al Barbarino ( October 23, 2024, 3:23 PM EDT) -- Frontier Communications shareholder Glendon Capital Management sent a letter to Frontier's board on Wednesday stating the company is currently worth at least $26 billion, 30% higher than the $20 billion value implied by Verizon's planned buyout, as Glendon aims to prevent Verizon from "walking away with a steal."...

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