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Consolidated Communications Holdings Inc - CNSL STOCK NEWS

Welcome to our dedicated news page for Consolidated Communications Holdings (Ticker: CNSL), a resource for investors and traders seeking the latest updates and insights on Consolidated Communications Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Consolidated Communications Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Consolidated Communications Holdings's position in the market.

News
Consolidated Communications Releases 2023 Environmental, Social and Governance Report
Rhea-AI Summary
Consolidated Communications (NASDAQ: CNSL) releases its 2023 Environmental, Social, and Governance (ESG) Report, highlighting its commitment to sustainability, community engagement, and corporate responsibility. The report outlines the company's progress in reducing its environmental footprint, promoting diversity and inclusion, and supporting local communities. Consolidated Communications aims to drive positive change through its ESG initiatives and enhance long-term value for stakeholders.
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Consolidated Communications to Release First Quarter 2024 Earnings on May 7
Rhea-AI Summary
Consolidated Communications, listed on Nasdaq as CNSL, will announce its first quarter 2024 financial results on May 7. The pending acquisition by Searchlight Capital Partners and British Columbia Investment Management will impact the earnings call.
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Consolidated Communications Announces Fourth Quarter and Full Year 2023 Financial Results
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Consolidated Communications Holdings, Inc. reported its fourth-quarter and full-year 2023 results, showcasing revenue of $275.2 million and $1.11 billion, respectively. The company experienced a net loss of ($58.6 million) in Q4 2023 and ($294.4 million) for the full year. Despite a decrease in expenses, the net interest expense increased by $8.4 million due to higher interest on the term loan. Consolidated is set to be acquired by Searchlight and BCI in a $3.1 billion all-cash transaction, leading to the company becoming private by Q1 2025.
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Consolidated Communications named a U.S. Best-in-Class Employer by Gallagher
Rhea-AI Summary
Consolidated Communications (CNSL) receives Gallagher’s Best-in-Class Employer designation for the third consecutive year, showcasing excellence in employee and organizational wellbeing. The company's strategic investments in benefits, compensation, and employee communication have been recognized for supporting employee health, financial security, and career growth at a sustainable cost structure.
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Consolidated Communications to Release Fourth Quarter 2023 Earnings on March 5
Rhea-AI Summary
Consolidated Communications (CNSL) to release Q4 2023 financial results without earnings conference call due to pending acquisition by Searchlight Capital Partners and British Columbia Investment Management Corporation.
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Consolidated Communications Shareholders Approve Proposed Transaction with Searchlight and BCI
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) announced the approval of its acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. Approximately 75% of disinterested shareholders voted to approve the merger agreement and the Proposed Transaction. The acquisition is expected to close by the first quarter of 2025, and after that, shares of Consolidated Communications common stock will no longer be traded or listed on any public securities exchange.
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Consolidated Communications Reminds Shareholders to Vote FOR the Value Maximizing Transaction Today
Rhea-AI Summary
Consolidated Communications Holdings, Inc. urges shareholders to vote 'FOR' the proposed acquisition by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation. The Proposed Transaction offers $4.70 per share in cash, a 70% premium to Consolidated's share price as of April 12, 2023, and an 89% premium to one-month VWAP. Institutional Shareholder Services recommends voting 'FOR' the Proposed Transaction, emphasizing the financially compelling and certain value it offers.
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Consolidated Communications Files Investor Presentation Highlighting Benefits of Proposed Transaction with Searchlight and BCI
Rhea-AI Summary
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) urges shareholders to vote 'FOR' the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. The transaction offers a compelling valuation, with a 70% premium to the unaffected share price and a 9.6x LTM EBITDA multiple. The presentation emphasizes the elimination of liquidity, funding, and execution risks, as well as the downside risk of Consolidated's standalone plan due to liquidity constraints.
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Consolidated Communications Proposed Transaction is Financially Compelling and Delivers Certain Cash Value at a Premium Valuation
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reminds shareholders to vote for the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, offering $4.70 per share in cash. The Special Meeting is scheduled for January 31, 2024.
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Consolidated Communications Reiterates Proposed Transaction is the Best Outcome for Shareholders
Rhea-AI Summary
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) urges shareholders to vote 'FOR' the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, offering $4.70 per share in cash, representing a 70% premium to the share price as of April 12, 2023.
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Stock CNSL logo
Consolidated Communications Holdings Inc

Nasdaq:CNSL

CNSL Rankings

#2963 Ranked by Market Cap
#3418 Ranked by Stock Gains
N/A Ranked by Dividends

CNSL Stock Data

497.65M
73.15M
3.02%
83.66%
2.83%
Telecommunications Resellers
Information
Link
US
Mattoon

About CNSL

consolidated communications (nasdaq: cnsl) is a leading broadband and business communications provider serving consumers, businesses of all sizes, and wireless companies and carriers, across a 23-state service area. leveraging its advanced fiber optic network spanning 45,850 fiber route miles, consolidated communications offers a wide range of communications solutions, including: data, voice, video, managed services, cloud computing and wireless backhaul. headquartered in mattoon, ill.,