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