On November 13, 2024, Frontier Communications Parent, Inc. announced that its stockholders approved the acquisition by Verizon Communications Inc. at its special meeting held on November 13, 2024. Approximately 63% of stockholders voted ?For? the merger agreement proposal, with ten of the company?s top 12 stockholders voting to approve the transaction.

In addition, the Company stated that on September 5, 2024, the Company and Verizon announced they had entered into a merger agreement, pursuant to which Verizon would acquire the Company in an all-cash transaction. The Company stockholders will receive $38.50 per share in cash, representing a premium of 37% to Frontier?s unaffected share price on September 3, 2024. Further, the Company stated that the transaction is expected to close by the first quarter of 2026, subject to receipt of certain regulatory approvals and other customary closing conditions.