Is Verizon Communications Stock a Buy Now?
Verizon's (VZ) Frontier Deal Faces Pushback Over Undervalued Offer
Options Outlook | Technology stocks' earnings season is about to begin! Are the options values of Tesla and Netflix still underestimated? The probability of a post-earnings rise in Bank of America is as high as 80%! Calls are becoming active one after ano
From the skewness of options implied volatility, the current market tends to be bullish on tesla. Last Friday, there was a bullish buy order to buy 10 October 18th expiration call options with a strike price of $225 for opening positions; another two options buyers simultaneously purchased 10 October 25th expiration put options with a strike price of $260 and 17 January next year expiration put options with a strike price of $255 to hedge against further decline in Tesla.
Frontier's major shareholder questions the proposed acquisition of Verizon, stating that the quote seriously undervalues the company.
According to Reuters on October 15th, some major shareholders of Frontier Communications, a fixed-line operator in the USA, have expressed doubts about the proposed acquisition by verizon. Glendon Capital Management, the second largest shareholder of Frontier holding nearly 10% of the shares, stated that they will vote against this $9.6 billion trade, believing that the offer of $38.5 per share is too low. Including the acquisition debt, the total value of the trade will reach around $20 billion. Glendon plans to hold a shareholder vote on November 13th.
Frontier (FYBR.US) intends to "sell itself" to verizon (VZ.US) or may face opposition from the second largest shareholder.
Frontier Communications' (FYBR.US) second largest shareholder plans to vote against the plan to sell the company to verizon (VZ.US) for nearly $10 billion.
Frontier's Second-largest Holder Plans to Vote Against Sale to Verizon - Reuters