What's the difference between advisor to the strategic review committee vs to the company?

I'm looking at this press release of the Verizon/Frontier acquisition and see that pjt served as advisor the the strategic review committee while Barclays served as advisor to frontier. What does this distinction mean? Is pjt doing a fairness opinion?

https://investor.frontier.com/news/news-details/2…

Thanks!

6,320 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '29 Oct 2026 Cohort

5.00/5

Investment Banking Other

“Jonathan was a great mentor to work with. What stood out most was how specific he was. Instead of general advice, he gave me a real plan for my Evercore application: two short cover letters for M&A and Private Capital Markets, naming the associate I spoke with, and selecting “employee referral.” His resume edits, like rewriting the 400+ investor orders bullet and using stronger verbs with real numbers, made my experience much clearer. He also pushed me to apply by the deadline instead of waiting on the recruiter. Highly recommend him.”

Class of '29 Jun 2026 Cohort

5.00/5

Investment Banking Mock Interview

“Sharon was very kind and very knowledgable. She was very friendly and took the time to explain concepts to me that I did not know as well. She had also saw that I knew easier questions and moved on to harder ones after she saw that I was able to understand the easier ones. She also gave me a lot of actionable feedback at the end, such as how to approach a question I do not know and what I should say as opposed to saying "I don't know". I need to work on that and have heard that from people, so it is something I will implement.”

See All 11,623 WSO Academy Reviews

1 Comments

WSO Monkey Bot

O

2y

Quo cupiditate odio ex odio nam. Reiciendis vel consequatur laborum incidunt repellat ad odit. Dolore expedita rerum modi inventore. Harum temporibus quas beatae recusandae id iure aut tenetur.

Sint rerum harum culpa nostrum voluptas alias. Suscipit voluptatum est quidem. Quod numquam in tempora perferendis. Perspiciatis sed atque placeat non eligendi molestiae vel. Minima maxime accusantium possimus et rerum.

Error quia deleniti non explicabo. Ad illo et molestias. Iure culpa dolor iure et labore repudiandae dicta.

Non qui accusantium est sint adipisci quibusdam dolorum. Numquam ut nostrum ut inventore. Alias necessitatibus aperiam et tenetur ipsa. Accusantium incidunt illo tenetur vitae. Sit reprehenderit et dignissimos molestias.

+433	Is UBS really that bad?	77	4h
+265	Investment Banking is Divine	40	2d
+219	Another $115bn Mega deal for these banks. Congrats!	46	10h
+216	US 2027 SA IB worried about background check	53	2d
+64	Useless associates	14	37m
+51	Differences in Restructuring Teams?	24	6h
+44	FIG Pigeonholes you - is it true?	14	50m
+40	Is Houston SA 28 recruiting already over?	34	1d
+38	Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal	8	2h
+36	How do you manage nerves in IB technical interviews?	8	13h

1	redever	99.2
2	BankonBanking	99.0
3	Secyh62	99.0
4	kanon	99.0
5	Betsy Massar	98.9
6	DrApeman	98.9
7	GameTheory	98.9
8	CompBanker	98.9
9	dosk17	98.9
10	Mimbs	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

What's the difference between advisor to the strategic review committee vs to the company?

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

What's the difference between advisor to the strategic review committee vs to the company?

See All Comments - 100% Free

Trending Content - Investment Banking Forum