Key Developments: Consolidated Communications Holdings Inc (CNSL.O)

CNSL.O on Nasdaq

28.60USD
26 Dec 2014
Price Change (% chg)

$0.53 (+1.89%)
Prev Close
$28.07
Open
$28.20
Day's High
$28.64
Day's Low
$28.14
Volume
211,060
Avg. Vol
370,869
52-wk High
$28.81
52-wk Low
$18.31

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Latest Key Developments (Source: Significant Developments)

Consolidated Communications announces CEO transition
Tuesday, 28 Oct 2014 09:00am EDT 

Consolidated Communications Holdings Inc:Names Bob Udell as its President and Chief Executive Officer effective Jan. 1, 2015.Names Bob Currey as its Executive Chairman effective Jan. 1, 2015.Currey has been serving as the Chairman and CEO since 2013.  Full Article

Consolidated Communications Holdings Inc announces quarterly dividend
Monday, 27 Oct 2014 04:23pm EDT 

Consolidated Communications Holdings Inc:Declares its regular quarterly dividend of $0.38738 per share on the Company's common stock.Payable on Feb. 2, 2015 to stockholders of record on Jan. 15, 2015.  Full Article

Consolidated Communications Holdings Inc completes acquisition of Enventis Corporation
Thursday, 16 Oct 2014 01:23pm EDT 

Consolidated Communications Holdings Inc:Completed the previously announced acquisition of Enventis Corporation.At the effective time of the merger, shares of Enventis common stock will be converted into the right to receive 0.7402 shares of common stock of the Company.  Full Article

Consolidated Communications Holdings Inc completes offering of $200,000,000 aggregate principal amount of 6.50 pct senior notes due 2022 - Form 8-K
Wednesday, 24 Sep 2014 10:03am EDT 

Consolidated Communications Holdings Inc:On Sept. 18, Consolidated Communications Finance II Co., indirect wholly owned subsidiary of company completed an offering of $200,000,000 aggregate principal amount of 6.50 pct Senior Notes due 2022.  Full Article

Consolidated Communications announces pricing of senior notes to fund Enventis acquisition
Thursday, 4 Sep 2014 04:49pm EDT 

Consolidated Communications Holdings Inc:Announced that its wholly-owned subsidiary, Consolidated Communications Finance II Co. (Finance Co), priced an offering of $200,000,000 in aggregate principal amount of 6.50 pct senior notes due 2022.Notes bear interest at a rate of 6.50 pct per annum, payable semi-annually on April 1 and Oct. 1, commencing on April 1, 2015.Notes were priced at par, which will result in total gross proceeds of $200,000,000.Pending completion of the Proposed Acquisition, the proceeds of the Offering, together with available cash, will be held in an escrow account in an amount equal to the offering price of the Notes, together with interest payable on the Notes to, but excluding, Jan. 31, 2015.  Full Article

Consolidated Communications announces intention to offer senior notes to fund Enventis acquisition
Thursday, 4 Sep 2014 07:41am EDT 

Consolidated Communications Holdings Inc:Announced that , Consolidated Communications Finance II Co, subsidiary intends, subject to market and other customary conditions, to offer $200 mln in aggregate principal amount of senior notes due 2022.Intends to use net proceeds to pay fees and expenses in connection with transactions contemplated by proposed acquisition, to repay existing indebtedness of Enventis and repay portion of Consolidated Communications, Inc.'s outstanding 10.875 pct senior notes due 2020.Proceeds of offering, together with available cash, will be held in an escrow account in an amount equal to offering price of notes, together with interest payable on notes to, but excluding, Jan. 31, 2015.Says proposed acquisition is terminated or not completed on or prior to Jan. 31, 2015, notes will be subject to special mandatory redemption at redemption price equal to offering price of Notes plus accrued and unpaid interest to, but excluding, redemption date.  Full Article

Acacia subsidiary enters into settlement and patent license agreement with Consolidated Communications Holdings, Inc.
Tuesday, 26 Aug 2014 06:00am EDT 

Acacia research Corp:Says its Brandywine Communications Technologies LLC subsidiary enters into a settlement and patent license agreement with Consolidated Communications Holdings, Inc.Agreement resolves litigation that was pending in the United States District Court for the District of Delaware.  Full Article

Consolidated Communications announces quarterly dividend
Tuesday, 29 Jul 2014 09:03am EDT 

Consolidated Communications Holdings Inc:Declares its regular quarterly dividend of $0.38738 per share.Payable on Nov. 1 to stockholders of record on Oct. 15.  Full Article

Enventis Corp to merge with Consolidated Communications
Monday, 30 Jun 2014 08:00am EDT 

Enventis Corp and Consolidated Communications Holdings Inc:Gets approval from each board for a definitive agreement for Enventis to merge with Consolidated Communications.Agreement is an all-stock transaction in which Consolidated Communications will acquire 100pct of Enventis' 13.8 mln shares outstanding in a transaction valued at about $350 mln.Enventis shareholders to receive a fixed exchange ratio of 0.7402 shares of CNSL common stock for each share of ENVE common stock they own.Wells Fargo Securities, LLC acted as financial advisor on the transaction and rendered a fairness opinion to the Board of Directors of Consolidated Communications.Schiff Hardin LLP acted as legal advisor to Consolidated Communications.Waller Capital Securities, LLC acted as financial advisor to Enventis.Stinson Leonard Street LLP acted as legal advisor to Enventis.  Full Article

Consolidated Communications Holdings Inc announces quarterly dividend
Tuesday, 25 Feb 2014 10:01am EST 

Consolidated Communications Holdings Inc:Declared regular quarterly dividend of $0.38738 per share.Payable on May 1 to stockholders of record on April 15.  Full Article

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