Investors are set to approve the $9.6 billion deal that some shareholders had opposed as too low.

With two days until the approval vote from shareholders, Verizon’s proposed acquisition of Dallas-based internet provider Frontier Communications is coming down to the wire. On Nov. 13, Frontier’s stockholders will decide whether to approve a $20 ...

Shareholders of pure-play fiber internet provider Frontier Communications Parent, Inc. ($FYBR) on Wednesday have approved the acquisition of the company by Verizon Communications Inc. ($VZ) at a special meeting.

Over 60 percent of Frontier Communications stockholders have approved a merger agreement proposal with Verizon.

Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price. Shareholders had until Wednesday to cast their votes on a deal that Verizon's CEO Hans Vestberg called a "strategic fit" that would allow the company to be more competitive in additional markets.

The $9.6 billion deal would expand Verizon’s fiber network to a size that would rival major competitors such as AT&T and Comcast.

Frontier Communications (FYBR) rises 2.6% as shareholders are set to approve sale to Verizon (VZ). WSJ report confirms deal approval.