I am a shareholder and I am urging my fellow shareholders to vote against the acquisition of Frontier given the leverage issues. Verizon already has a high debt level. The proposed price for Frontier is $38.50 per share. Frontier is also heavily indebted and Verizon will have to assume their debt and issue even more debt to overpay for the company. A month ago Frontier was trading at $28 per share. What will happen once management discovers they overpaid for Frontier and the cost synergies don’t materialize? They will cut the dividend. Time to stand up and vote for new leaders at Verizon and against this awful deal.
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