Form 4 VERIZON COMMUNICATIONS For: Aug 29 Filed by: Venkatesh Vandana
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Citi on Verizon Communications (VZ) Bid for Frontier (FYBR): 'The deal has favorable industrial logic'
September 5, 2024 7:42 AM EDTCiti analyst Michael Rollins reiterated a Buy rating and $47.00 price target on Verizon Communications (NYSE: VZ).
The analyst comments "Verizon announced the acquisition of Frontier (FYBR) for $38.50 per share in an all-cash deal. Run-rate cost synergies established at $500 million. Verizon reaffirmed 2024 guidance and... More
