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home / news releases / CNSL - Consolidated Communications stock jumps on $4/share buyout offer

CNSL - Consolidated Communications stock jumps on $4/share buyout offer

Consolidated Communications Holdings Inc.

2023-04-13 08:22:55 ET

  • Consolidated Communications ( NASDAQ: CNSL ) shares rose 23% premarket on Thursday after Searchlight Capital Partners and British Columbia Investment Management (BCI) made an offer to buy the remaining shares of the communication solutions provider.
  • On April 12, 2023, Searchlight, on behalf of its affiliated investment funds, and BCI made a non-binding proposal to acquire all of the outstanding shares of CNSL common stock, that they don't currently own, for cash consideration of $4/share.
  • Searchlight reported a 34.3% stake in a 13D filing .

For further details see:

Consolidated Communications stock jumps on $4/share buyout offer
Stock Information
Company Name: Consolidated Communications Holdings Inc.
Stock Symbol: CNSL
Market: NASDAQ
Website: consolidated.com
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