: Jana Partners sets its sights on Frontier telecom

Activist investor Jana Partners on Monday called Frontier Communications Parent Inc. to explore a possible sale and conduct an strategic review in order to reverse its “poor” stock performance.Frontier FYBR, +5.82%“has failed its shareholders as a public company,” Jana said in a statement. Shares of Frontier rallied more than 5% on Monday. “Frontier’s equity is grossly undervalued and that it will continue to underperform if the board maintains the status quo,