Frontier Communications Parent, Inc. (Nasdaq - FYBR)

Frontier Communications Parent, Inc. (Nasdaq – FYBR)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Frontier Communications Parent, Inc. (Nasdaq – FYBR)

BALA CYNWYD – September 9, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Frontier Communications, Inc. (“Frontier Communications” or the “Company”) (Nasdaq – FYBR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the proposed sale of the Company to Verizon Communications Inc. (NYSE, Nasdaq – VZ).Under the terms of the agreement, Frontier Communications stockholders will receive $38.50 per share in cash upon completion of the proposed transaction. The transaction is valued at approximately $20 billion of enterprise value.

The investigation concerns whether the Frontier Communications Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Verizon is paying fair value to shareholders of the Company.

If you own shares of Frontier Communications stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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