NEW YORK , Dec. 23, 2024 /PRNewswire/ -- International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, December 30. Searchlight Capital Partners and British Columbia Investment Management Corporation (BCI) are acquiring Consolidated Communications in a deal expected to be completed soon, pending final closing conditions.
MATTOON, Ill.--(BUSINESS WIRE)--Consolidated Communications (NASDAQ: CNSL) a leading broadband and business communications provider, awarded $50,000 in educational grants, supporting more than 1,800 students at 12 schools in 2024 through its Consolidated Connects Educational Grant Program. Consolidated Connects funds grants for K-12 schools within the company's service area that provide innovative, technology-focused learning programs to advance creative student learning, develop 21st century s.
Consolidated Communications investor Charles Frischer said on Monday he plans to vote against the broadband services provider's $3.1 billion take-private deal with an investor consortium, becoming the latest shareholder to oppose the sale.
Wildcat Capital Management, a top shareholder in Consolidated Communications Holdings , said on Friday it plans to vote against its $3.1 billion takeover by an investor consortium, as it undervalues the broadband services provider.
Affiliates of a private equity firm are taking the company private. Consolidated is running up against obstacles in completing its fiber expansion.
Consolidated Communications Holdings Inc. CNSL, -1.12% said Monday it agreed to be taken private by affiliates of Searchlight Capital Partners LP and British Columbia Investment Management Corp in an all-cash deal that values the Mattoon, Ill.-based broadband company at $3.1 billion.
Consolidated Communications Holdings, Inc. (NASDAQ:CNSL ) Q2 2023 Results Conference Call August 8, 2023 8:30 AM ET Company Participants Philip Kranz - Senior Director of Investor Relations Bob Udell - President and Chief Executive Officer Fred Graffam - Chief Financial Officer Conference Call Participants Michael Rollins - Citi Operator Good morning. My name is Sarah, and I will be your conference operator today.
Wildcat Capital Management LLC, which manages the wealth of buyout firm TPG Inc's co-founder David Bonderman, has asked Consolidated Communications Holdings Inc to reject an offer to take the company private for $2.9 billion including debt.
A bid for Consolidated Communications (US:CNSL) by activist investors Searchlight Capital Partners and British Columbia Investment Management to acquire all outstanding shares of the company for $4.00 each could be read in several ways.
This is an interesting non-binding merger arb situation. Telecommunications provider Consolidated Communications has received an acquisition bid from a buyer consortium led by its largest shareholder Searchlight Capital Partners (owns 34%).