Consolidated Communications Files Investor Presentation Highlighting Benefits of Proposed Transaction with Searchlight and BCI
Retrieved on:
Thursday, January 11, 2024
Mobile, Wireless, Technology, Other Communications, Security, Communications, Telecommunications, Networks, Internet, Data Management, VoIP, Online, BCI, Special, Hand, LTM, LLP, Transaction, Face, Committee, Searchlight Capital, Cravath, Swaine & Moore, Crown corporations of Canada, Risk, Consolidated Communications, QR, Rothschild & Co, Acquisition, Delays, Latham & Watkins, Consolidated, Letter, CNSL, Local exchange carrier, Telephone, Holding company
The Company urges its shareholders to vote “FOR” the proposed acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) and British Columbia Investment Management Corporation (“BCI”) (the “Proposed Transaction”).
Key Points:
- The Company urges its shareholders to vote “FOR” the proposed acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) and British Columbia Investment Management Corporation (“BCI”) (the “Proposed Transaction”).
- Eliminates ongoing uncertainty of liquidity, funding and execution risks, transferring those risks to Searchlight and BCI.
- The Proposed Transaction eliminates the real risk that shareholders face if Consolidated were to remain public, and transfers all liquidity, financing and execution risks to Searchlight and BCI.
- The Special Committee’s robust evaluation underscores that the Proposed Transaction is the most compelling path forward for Consolidated and its shareholders.