CNSL

Consolidated Communications Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 5, 2024
Communications, Technology, VoIP, Telecommunications, Networks, Other Communications, Internet, Investment, Consolidated, CNSL, BCI, Public expenditure, Bank

Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today reported results for the fourth quarter and full year 2023.

Key Points: 
  • Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”), a top 10 fiber provider in the U.S., today reported results for the fourth quarter and full year 2023.
  • Net loss in the fourth quarter of 2023 was ($58.6 million) compared to net loss of ($45.5 million) in the fourth quarter of 2022, which included $5.8 million of income from discontinued operations.
  • Net loss per share was ($0.52) in the fourth quarter of 2023 as compared to net loss per share of ($0.41) in the fourth quarter of 2022.
  • Adjusted diluted net loss per share from continuing operations was ($0.26) compared to ($0.17) in the fourth quarter of 2022.

Consolidated Communications named a U.S. Best-in-Class Employer by Gallagher

Retrieved on: 
Thursday, February 15, 2024
Security, Technology, VoIP, Other Technology, Networks, Internet, Carriers and Services, Consolidated Communications, Communication, Benefit, Health, Consolidated, Organization, CNSL, Human resources, Employment, Management

Consolidated Communications (NASDAQ: CNSL), a leading broadband and business communications provider, has received the coveted designation of Gallagher’s Best-in-Class Employer for the third straight year.

Key Points: 
  • Consolidated Communications (NASDAQ: CNSL), a leading broadband and business communications provider, has received the coveted designation of Gallagher’s Best-in-Class Employer for the third straight year.
  • Gallagher’s annual survey identifies organizations that excel in implementing successful strategies for managing people and programs.
  • “We’re proud to again be named a Best-in-Class Employer by Gallagher,” said Conrad Hunter, senior vice president of Human Resources for Consolidated.
  • “In doing so, Consolidated utilizes data, workforce feedback tools and clearly defined policies to provide competitive benefits and experiences that their employees value.”

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.

Cellectar Biosciences Reports Complete Central Nervous System (CNS) Clearance in Relapsed/Refractory Waldenstrom’s Macroglobulinemia Patient

Retrieved on: 
Monday, January 22, 2024
WM, Patient, Syndrome, BNS, Harvard Medical School, Dana–Farber Cancer Institute, Cancer, NCI, Mutation, Traffic barrier, Malignancy, MYD88, Cerebrospinal fluid, CNSL, CNS, Pharmaceutical industry

“Attainment of complete CNS clearance in a patient with Bing-Neel Syndrome after previous exposure to BTKi therapy is encouraging,” commented Jorge Castillo, M.D., associate professor at Harvard Medical School and director of Bing Center Clinic at Dana Farber Cancer Institute.

Key Points: 
  • “Attainment of complete CNS clearance in a patient with Bing-Neel Syndrome after previous exposure to BTKi therapy is encouraging,” commented Jorge Castillo, M.D., associate professor at Harvard Medical School and director of Bing Center Clinic at Dana Farber Cancer Institute.
  • Cerebrospinal fluid flow cytometry showed no evidence of clonal B-cells, and molecular analysis did not detect the MYD88 mutation.
  • This very encouraging patient response further supports iopofosine’s development in CNS-related malignancies, including CNS lymphoma and pediatric high-grade gliomas.”
    Cellectar previously announced a complete response in a patient with relapsed/refractory primary central nervous system lymphoma (CNSL) as part of its ongoing Phase 2a trial of iopofosine I 131.
  • The study objective is to identify the recommended iopofosine I 131 Phase 2 dose in pHGG patients.

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
Communications, Technology, VoIP, Telecommunications, Networks, Other Communications, Internet, Glass Lewis, ISS, LLP, Special, Transaction, Glass, Searchlight Capital, Cravath, Swaine & Moore, Crown corporations of Canada, Consolidated Communications, Sale, Rothschild & Co, Acquisition, Latham & Watkins, Consolidated, Institutional Shareholder Services, CNSL, Holding company

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
Technology, VoIP, Other Technology, Telecommunications, Mobile, Wireless, Networks, Internet, BCI, LLP, Special, Transaction, Searchlight Capital, Cravath, Swaine & Moore, Crown corporations of Canada, Consolidated Communications, Rothschild & Co, Acquisition, Latham & Watkins, Consolidated, Institutional Shareholder Services, Letter, CNSL, Holding company

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
Communications, Technology, VoIP, Telecommunications, Networks, Other Communications, Internet, ISS, LTM, LLP, Transaction, Searchlight Capital, Cravath, Swaine & Moore, Crown corporations of Canada, Risk, Consolidated Communications, NTM, Rothschild & Co, Acquisition, EV, Latham & Watkins, Consolidated, Institutional Shareholder Services, CNSL, Holding company

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
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.

Consolidated Communications Proposed Transaction is Financially Compelling and Delivers Certain Cash Value at a Premium Valuation

Retrieved on: 
Wednesday, January 3, 2024
Telecommunications, Networks, Internet, Finance, Professional Services, Technology, Other Technology, Business, BCI, Cravath, Swaine & Moore, Multimedia, Risk, CNSL, Consolidated, Rothschild & Co, LLP, Acquisition, Latham & Watkins, Searchlight Capital, Citigroup, Wells Fargo, Special, Letter, FTTH, Consolidated Communications, Crown corporations of Canada, Holding company

Consolidated is reminding 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: 
  • Consolidated is reminding 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”).
  • Shareholders of record as of December 13, 2023, are entitled to vote at the Special Meeting.
  • The board of directors of the Company (the “Board”) strongly urges you to vote “FOR” the Proposed Transaction.
  • Casting your vote is the only way for you to secure this compelling cash premium.