💨 Abstract

Large Frontier Communications shareholders, including Glendon Capital Management and Cerberus Capital Management, are concerned about the company's proposed $9.6 billion takeover by Verizon Communications. Glendon, which owns nearly 10% of Frontier, plans to vote against the deal, believing Verizon's $38.50 per share offer is too low. Cerberus, with a 7.3%

Courtesy: theprint.in