Law360, New York (October 27, 2009) -- Frontier Communications Corp. has won shareholder approval to acquire Verizon Communications Inc.'s local exchange businesses in 14 states, as well as certain related customer relationships, for $5.2 billion in stock and $3.3 billion in cash.
Frontier will issue shares to Verizon stockholders equal to $5.2 billion, and Verizon will receive $3.3 billion in the form of a special cash payment, a Frontier representative said....
