Verizon Communications Inc. (VZ) is reportedly in advanced discussions to acquire Frontier Communications Parent Inc. (FYBR), according to sources familiar with the negotiation process, as reported by the Wall Street Journal.The potential acquisition could be finalized this week with an all-cash transaction. Although the specifics of the deal remain undisclosed, Frontier Communications currently holds a market valuation of $9.63 billion.Frontier’s stock closed Wednesday’s regular trading session at $38.68, reflecting a significant increase of $10.64 or 37.95%. Additionally, during after-hours trading, the stock saw further appreciation of $0.18 or 0.47%.The material has been provided by InstaForex Company – www.instaforex.com
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