FairPoint more attractive to buyers with new labor pact

FairPoint more attractive to buyers with new labor pact, FairPoint Communications said it needed to bring costs and benefits into sync with competitors in the telecommunications industry. By doing just that in a new labor pact, the company has made itself more attractive to potential buyers, an analyst and workers say.

Workers said during a four-month strike in northern New England that the company was positioning itself for potential sale, and a Wall Street analyst said shareholders are pressing for one.Read More