Ares Taps Houlihan Lokey to Evaluate Verizon’s Deal for Frontier

Ares Management Corp., the largest shareholder of Frontier Communications Parent Inc., has hired Houlihan Lokey Inc. as it evaluates Frontier’s proposed $10 billion sale to Verizon Communications, according to people with knowledge of the matter.

The alternative investment firm is weighing its stance regarding Verizon’s bid of $38.50 per share for Frontier, said the people, who asked not to be identified discussing the private matter.

Ares owns about 15.6% of Frontier’s shares, according to data compiled by Bloomberg. Stockholders are expected to vote on the acquisition on Nov. 13, regulatory filings show. Its shares were trading around ...