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Consolidated Communications to go private in $3.1B deal

Summary by Ground News
Consolidated Communications is planning to take its broadband business private. The company has agreed to be acquired by private equity firms Searchlight Capital Partners and British Columbia Investment Management Corporation for about $3.1 billion. One of the largest independent holders of Consolidated Communications stock has urged stockholders to vote against the deal.

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Mankato Free PressMankato Free Press
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Consolidated Communications to go private in $3.1B deal

Consolidated Communications is planning to take its broadband business private, agreeing to be acquired by private equity firms Searchlight Capital Partners and British Columbia Investment Management Corporation for about $3.1 billion.

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Bias Distribution

  • 100% of the sources lean Left
100% Left
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Mankato Free Press broke the news in on Thursday, November 30, 2023.
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Mankato, Minnesota

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