Cooper Investors Pens Open Letter To Frontier Communications Opposing Acquisition by Verizon

Benzinga · 10/15 13:24

Expresses Concern that $38.50 Offer Price Significantly Undervalues Frontier and Fails to Reflect Value of Anticipated Synergies

Believes Frontier's Standalone Value is up to 62% Higher than Offer Price and Fair Transaction Value Would be up to 94% Higher than Offer Price

Confident Frontier Remaining as a Standalone Public Company is Optimal Outcome for Stockholders