consolidated communications news

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Why did Consolidated Communications get a take-private deal?

Consolidated Communications has agreed to be bought for $3.1 billion, including debt, in a take-private deal that will remove the fiber company from the public markets as it grapples with higher interest rates and rising costs.

Who owns Consolidated Communications?

Searchlight Capital Partners, a private-equity firm that already owns more than 34% of Consolidated Communications, and British Columbia Investment Management agreed to pay $4.70 a share for the company. Copyright © 2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Already a subscriber?

Who is the legal counsel for Consolidated Communications?

Rothschild & Co is acting as financial advisor to the special committee and Cravath, Swaine & Moore LLP is acting as its legal counsel. Latham & Watkins LLP is providing legal counsel to Consolidated Communications.

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