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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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-0.22%
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) has urged shareholders to vote FOR the proposed acquisition by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. The Company emphasizes that the offer of $4.70 per share represents a significant cash premium and the best risk-adjusted outcome for shareholders, particularly in light of the significant risks associated with Consolidated’s prospects as a public company with limited access to capital. The Special Meeting is scheduled to be held on January 31, 2024, and shareholders of record as of December 13, 2023, will be entitled to vote at the meeting.
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1.13%
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Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) is under investigation by Berman Tabacco for a take-private acquisition announced on October 16, 2023. The investigation is related to potential violations and breaches of fiduciary duty and other violations of state law by the Company's board of directors.
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Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) reported Q3 2023 results, including $283.7M revenue and a net loss of $69.2M. The company also announced an agreement to be acquired by Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation in a $3.1B all-cash transaction.
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-1.19%
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Wildcat Capital Management, LLC, a major stockholder of Consolidated Communications Holdings, Inc. (CNSL), has issued an open letter to CNSL's Board of Directors opposing the proposed transaction with affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. Wildcat believes the takeover offer undervalues CNSL's equity and suggests an enterprise value of approximately $4 billion, representing a 30% premium to the proposed transaction. Wildcat intends to vote against the transaction and encourages other stockholders to do the same.
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1.19%
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Consolidated Communications Holdings, Inc. has entered into a definitive agreement to be acquired by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation in an all-cash transaction worth $3.1 billion. Shareholders will receive $4.70 per share in cash, representing a 70% premium. The transaction has been unanimously approved by a special committee of independent directors and is expected to close by the first quarter of 2025.
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16.15%
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Consolidated Communications Holdings, a top 10 fiber provider in the U.S. (Nasdaq: CNSL) reported second-quarter results for 2023. The company added 18,651 fiber net adds, grew consumer fiber broadband revenue by 58%, increased ARPU by 5.1%, and upgraded 57,438 locations to fiber Gigabit+ speeds. They also entered an agreement to sell non-core Washington assets for gross proceeds of $73 million and announced business simplification and cost-cutting initiatives expected to generate annualized cost savings of over $30 million.
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6.56%
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Palisade Infrastructure has entered into an agreement to acquire Consolidated Communications' assets in Washington State. The transaction includes incumbent networks in Ellensburg and Yelm, with plans to accelerate the build-out of the fiber network in these markets. This is Palisade's second broadband investment in Washington State. The company aims to develop a regional platform for fiber and high-speed broadband connectivity.
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Consolidated Communications Holdings, Inc.
Nasdaq:CNSL
CNSL Rankings
CNSL Stock Data
512.80M
73.15M
3.02%
83.66%
2.83%
Telecommunications Resellers
Information
United States of America
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.,