Consolidated Communications surges on potential takeover offer

Consolidated Communications Holdings

13/04/2023 13:45

** Shares of data service provider Consolidated Communications Holdings  CNSL.O  surges
32.2% to $3.62 premarket 
    ** Searchlight Capital Partners, L.P. and British Columbia Investment Management Corp (BCI)
submit a letter containing non-binding proposal to CNSL's board
    ** Propose to acquire all outstanding shares of CNSL that are not owned by Searchlight or
BCI for $4.00/share in cash
    ** Up to last close, stock had fallen 22.9% this year

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))