Investors appeared to be initially excited about the deal, which would see Verizon purchase the telecom in an all-cash transaction valued at $20 billion.
Shares in Frontier Communications Parent have been on a wild ride over the past 24 hours. The stock (ticker: FYBR) saw its price surge a staggering 37% to $38.68 per share after reports that communications giant Verizon was looking to buy the company.
Investors appeared to be initially excited about the deal, which would see Verizon purchase the telecom in an all-cash transaction valued at $20 billion.
Shares in Frontier Communications Parent have been on a wild ride over the past 24 hours. The stock (ticker: FYBR) saw its price surge a staggering 37% to $38.68 per share after reports that communications giant Verizon was looking to buy the company. News
