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Stock impact report

Why Verizon Stock Inched Higher Today [Yahoo! Finance]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Company Research Source: Yahoo! Finance
Verizon's shares closed the trading session nearly 2% in response, providing a positive contrast to the flatlining S&P 500 index. In this month of high-profile elections, Verizon's news had to do with a shareholder vote. Frontier Communications Parent (NASDAQ: FYBR) investors were polled in a special shareholders meeting to either accept or reject Verizon's buyout of their company. They voted in favor of the move; in a press release on the subject, Frontier said that around 63% of respondents opted for "yes." Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » This advances the takeover, which was first announced to the public in early September. Verizon and Frontier agreed that the former would acquire the latter in an all-cash, $20 billion deal. Verizon's goal in buying Frontier is to be the new owner of its fiber network assets. In the original press release trumpeting the arrangement, Verizon wrote, " This strategic a Show less Read more
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