Shareholder Alert: Ademi LLP investigates whether Consolidated Communications Holdings, Inc. has obtained a Fair Price in its transaction with Searchlight and BCI
MILWAUKEE, Oct. 17, 2023 /PRNewswire/ -- Ademi LLP is investigating Consolidated Communications (NASDAQ: CNSL) for possible breaches of fiduciary duty and other violations of law in its transaction with Searchlight and BCI.
Click here to learn how to join the action https://www.ademilaw.com/case/consolidated-communications-holdings-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Consolidated Communications stockholders are expected to receive only $4.70 per share in an all-cash transaction valued at approximately $3.1 billion, including the assumption of debt. The transaction agreement unreasonably limits competing transactions for Consolidated Communications by imposing a significant penalty if Consolidated Communications accepts a competing bid. Consolidated Communications insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Consolidated Communications' board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Consolidated Communications common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/consolidated-communications-holdings-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
