Frontier Communications Parent, Inc. (traded under the ticker FYBR) was officially acquired by Verizon Communications in an all-cash transaction valued at $38.50 per share. Following the completion and regulatory approval of the merger agreement, Frontier was delisted from public stock exchanges and became a wholly owned subsidiary of Verizon. Consequently, any shares of Frontier stock you held were automatically canceled and converted into the right to receive the cash payout of $38.50 per share directly through your brokerage account.