Consolidated Communications Urges Shareholders to Support Sale of Company
Consolidated Communications on Wednesday urged shareholders to support the proposed $3.1 billion acquisition of the company by Searchlight Capital Partners and British Columbia Investment Management (see 2310160065). Shareholders will vote Jan. 31 at a special meeting. “You have an essential…
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decision to make regarding the value of your investment,” a Consolidated letter said: “In order to realize the benefits of this value-maximizing transaction, the majority of our independent shareholders must support the deal. … Every vote counts and is critical to the future of the Company. Not voting is the same as voting against the transaction.”