Crown corporations of Canada

Consolidated Communications to Release First Quarter 2024 Earnings on May 7

Retrieved on:

Tuesday, April 16, 2024

Technology, Other Technology, Telecommunications, Mobile, Wireless, Networks, Internet, Carriers and Services, Consolidated, Consolidated Communications, Crown corporations of Canada, CNSL, Acquisition, Searchlight Capital

Consolidated Communications (Nasdaq: CNSL) (the “Company”) will release its first quarter 2024 financial results on Tuesday, May 7 before the market opens.

Key Points:

Consolidated Communications (Nasdaq: CNSL) (the “Company”) will release its first quarter 2024 financial results on Tuesday, May 7 before the market opens.
In light of the pending acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, Consolidated will not host an earnings conference call.

Corix Laser-Focused on Championing the Transition to Cleaner Energy

Retrieved on:

Monday, April 8, 2024

Nexus, BCI, University, Heat, Hospital, History, Carbon, City, Crown corporations of Canada, Water

VANCOUVER, BC, April 8, 2024 /PRNewswire/ - Corix District Energy Holdings LP (Corix) announced last week a new chapter in its North American thermal energy journey.

Key Points:

VANCOUVER, BC, April 8, 2024 /PRNewswire/ - Corix District Energy Holdings LP (Corix) announced last week a new chapter in its North American thermal energy journey.
Building on a deeply rooted history in the US and Canadian utility spaces and with its water and wastewater business merged into Nexus Water Group, Corix is now laser-focused on continuing to champion the transition to cleaner energy by providing heating and cooling to cities, communities and campuses across North America.
"Corix is a thermal energy leader with a history extending more than 100 years in the US and 20-plus years in Canada," said Corix President & CEO, Lisa Sparrow.
"We're now directing our focus towards the transition to cleaner energy.

I Squared wins Eight Infrastructure Investor Awards

Retrieved on:

Friday, March 1, 2024

I Squared Capital, a leading independent global infrastructure investment manager, today announced the firm had won eight Infrastructure Investor Annual Awards.

Key Points:

I Squared Capital, a leading independent global infrastructure investment manager, today announced the firm had won eight Infrastructure Investor Annual Awards.
This includes global awards for Fund Manager of the Year, Mid-Market Investor of the Year, and Innovator of the Year.
MID-MARKET INVESTOR OF THE YEAR, GLOBAL
I Squared closed its landmark $1.8 billion ISQ Growth Markets Infrastructure Fund, focused on smaller deals in emerging markets.
TRANSPORT INVESTOR OF THE YEAR, ASIA-PACIFIC
I Squared Capital completed the public listing of Cube Highways, its Indian toll roads platform, this year.

Driscoll’s Takes Significant Stake in Costa Group

Retrieved on:

Monday, February 26, 2024

Organic Food, Retail, Supermarket, Agriculture, Natural Resources, Food, Beverage, Investment, Marketing, Citrus, Growth, Crown corporations of Canada, Vegetable, Genetics, Costa Group, Partnership, Coffee

Costa was started in the late 1800s by the Costa family in Geelong Victoria, Australia.

Key Points:

Costa was started in the late 1800s by the Costa family in Geelong Victoria, Australia.
Costa products are sold into numerous countries around the world, including throughout Europe, UK, Asia, and North America.
Over the past few decades, Paine Schwartz Partners has invested $5.7 billion in agriculture and the food supply chain, which includes a prior equity stake in Costa.
Its investment in agricultural assets includes an ownership stake in Viterra and mushroom and citrus businesses.

Consolidated Communications to Release Fourth Quarter 2023 Earnings on March 5

Retrieved on:

Wednesday, February 14, 2024

Security, Technology, VoIP, Other Technology, Networks, Internet, Carriers and Services, Consolidated Communications, Searchlight Capital, Acquisition, Consolidated, Crown corporations of Canada, CNSL

Consolidated Communications (Nasdaq: CNSL) (the “Company”) will release its fourth quarter 2023 financial results on Tuesday, March 5 before the market opens.

Key Points:

Consolidated Communications (Nasdaq: CNSL) (the “Company”) will release its fourth quarter 2023 financial results on Tuesday, March 5 before the market opens.
In light of the pending acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation, Consolidated will not host an earnings conference call.

Consolidated Communications Shareholders Approve Proposed Transaction with Searchlight and BCI

Retrieved on:

Wednesday, January 31, 2024

Technology, Other Technology, VoIP, Networks, Internet, Carriers and Services, Consolidated, Consolidated Communications, Crown corporations of Canada, Committee, Latham & Watkins, Rothschild & Co, Searchlight Capital, CNSL, Cravath, Swaine & Moore, Acquisition, LLP

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company’s special meeting of shareholders (the “Special Meeting”) held earlier today, Consolidated shareholders have voted overwhelmingly to approve 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:

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company’s special meeting of shareholders (the “Special Meeting”) held earlier today, Consolidated shareholders have voted overwhelmingly to approve 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”).
Approximately 75% of disinterested shareholders voted to approve the proposal to adopt the merger agreement and approve the Proposed Transaction.
“Today’s vote by Consolidated shareholders is a clear endorsement that they recognize the value-maximizing nature of this transaction,” said Robert J. Currey, the Chairman of the Consolidated Communications Board and the Special Committee Chair.
Following the closing of the Proposed Transaction, shares of Consolidated Communications common stock will no longer be traded or listed on any public securities exchange.

Leading Independent Proxy Advisory Firm Glass Lewis Recommends Consolidated Communications Shareholders Vote “FOR” the Proposed Transaction with Searchlight and BCI

Retrieved on:

Tuesday, January 23, 2024

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today announced that a leading independent proxy advisory firm, Glass Lewis & Co. (“Glass Lewis”), has joined Institutional Shareholder Services (“ISS”) in recommending that Consolidated shareholders 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:

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today announced that a leading independent proxy advisory firm, Glass Lewis & Co. (“Glass Lewis”), has joined Institutional Shareholder Services (“ISS”) in recommending that Consolidated shareholders 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”).
The Company’s special meeting of shareholders (the “Special Meeting”) to vote on the Proposed Transaction is scheduled to be held on January 31, 2024.
Consolidated urges its shareholders to vote “FOR” the Proposed Transaction today.
Consolidated issued the following statement regarding the Glass Lewis recommendation to vote FOR the Proposed Transaction:
“Glass Lewis joining ISS in its support of the Proposed Transaction underscores the financially compelling and certain value that this transaction delivers to our shareholders.

Consolidated Communications Reminds Shareholders to Vote FOR the Value Maximizing Transaction Today

Retrieved on:

Monday, January 22, 2024

Shareholders of record as of December 13, 2023, are entitled to vote at the Special Meeting.

Key Points:

Shareholders of record as of December 13, 2023, are entitled to vote at the Special Meeting.
The full text of the letter mailed to shareholders follows:
The January 31, 2024, deadline to vote on the proposed acquisition of Consolidated by Searchlight and BCI is fast approaching.
In order to realize the benefits of this value-maximizing transaction, the majority of our independent shareholders must vote in support.
As a Consolidated shareholder, your choice is clear: vote for significant, compelling and certain value.

Leading Independent Proxy Advisory Firm ISS Recommends Consolidated Communications Shareholders Vote “FOR” the Proposed Transaction with Searchlight and BCI

Retrieved on:

Friday, January 19, 2024

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today announced that a leading independent proxy advisory firm, Institutional Shareholder Services (“ISS”), has recommended that Consolidated shareholders 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:

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today announced that a leading independent proxy advisory firm, Institutional Shareholder Services (“ISS”), has recommended that Consolidated shareholders 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”).
The Company’s special meeting of shareholders (the “Special Meeting”) to vote on the Proposed Transaction is scheduled for January 31, 2024.
Consolidated urges its shareholders to vote FOR the Proposed Transaction today.
Consolidated issued the following statement regarding the ISS recommendation to vote FOR the Proposed Transaction:
“We are pleased ISS recognizes that the Proposed Transaction maximizes the value our shareholders can receive by eliminating the risk they would bear should Consolidated remain a standalone company.

Consolidated Communications Files Investor Presentation Highlighting Benefits of Proposed Transaction with Searchlight and BCI

Retrieved on:

Thursday, January 11, 2024

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.