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FairPoint Communications Inc (FRP.OQ)

FRP.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Fairpoint Communications reports Q1 loss per share of $0.88
Thursday, 4 May 2017 06:00am EDT 

May 4 (Reuters) - Fairpoint Communications Inc ::Fairpoint Communications reports 2017 first quarter results.Qtrly loss per share $0.88.Q1 revenue $201.9 million versus I/B/E/S view $201 million.Says expects to add more than 200 additional fiber-to-tower ethernet connections bringing total count to more than 2,100 tower ethernet circuits.Says for full year 2017, company expects to generate $105 million to $115 million of unlevered free cash flow.Says adjusted EBITDA is expected to be $245 million to $250 million for FY 2017.Says annual capital expenditures are expected to be $110 million to $115 million for FY 2017.Q1 earnings per share view $-0.67 -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $-1.74, revenue view $796.4 million -- Thomson Reuters I/B/E/S.  Full Article

FairPoint says about 96 pct of shareholders approve merger with Consolidated Communications
Tuesday, 28 Mar 2017 02:00pm EDT 

FairPoint Communications Inc : FairPoint Communications and Consolidated shareholders overwhelmingly approve merger . Says expect transaction to close by mid-2017 .Approximately 96 percent of Fairpoint shareholders who voted on proposal cast their vote in favor of merger.  Full Article

Consolidated Communications and FairPoint shareholders approve merger
Tuesday, 28 Mar 2017 02:00pm EDT 

Consolidated Communications Holdings Inc : Consolidated communications and fairpoint shareholders overwhelmingly approve merger .Consolidated communications -approximately 98 percent of consolidated communications shareholders who voted on proposal cast their vote in favor of merger.  Full Article

FairPoint Communications says plaintiff dismisses lawsuit regarding proposed merger with Falcon Merger Sub
Monday, 20 Mar 2017 04:41pm EDT 

FairPoint Communications Inc - :On March 17, Plaintiff voluntarily dismissed lawsuit regarding proposed merger with Falcon Merger Sub Inc- SEC filing.  Full Article

FairPoint Communications reports Q4 revenue of $203.9 mln
Monday, 6 Mar 2017 06:00am EST 

FairPoint Communications Inc : FairPoint Communications reports 2016 fourth quarter and full year results . Q4 revenue $203.9 million versus $209.8 million . FairPoint Communications Inc- For FY 2017, company expects to generate $105 million to $115 million of unlevered free cash flow . FairPoint Communications - For FY 2017, adjusted EBITDA is expected to be $245 million to $250 million, annual capital expenditures are expected to be $110 million to $115 million . FairPoint Communications Inc qtrly earnings per share $0.59 . FairPoint Communications Inc- Aggregate annual cash pension contributions,cash opeb payments are expected to be approximately $24 million for full year 2017 .Q4 earnings per share view $1.00 -- Thomson Reuters I/B/E/S.  Full Article

Maglan Capital LP reports 7.6 pct passive stake in Fairpoint Communications
Monday, 5 Dec 2016 04:01pm EST 

Maglan Capital LP :Reports 7.6 Pct passive stake in Fairpoint Communications Inc as of December 5, 2016 - sec filing.  Full Article

Consolidated Communications to acquire Fairpoint Communications for $1.5 bln
Monday, 5 Dec 2016 07:00am EST 

Consolidated Communications Holdings Inc : Consolidated Communications to acquire Fairpoint Communications, Inc. . Consolidated Communications Holdings Inc - deal for $1.5 billion . Consolidated Communications Holdings Inc- agreement and proposed merger have been unanimously approved by boards of directors at both companies . Deal meaningfully cash flow per share accretive in year one . Consolidated Communications Holdings - Fairpoint shareholders will receive a fixed exchange ratio of 0.7300 shares of co for each share of Fairpoint .Consolidated Communications Holdings Inc - transaction is expected to generate annual operating synergies of approximately $55 million.  Full Article

Mudrick Capital Management reports 6.5 pct passive stake in Fairpoint Communications
Thursday, 10 Nov 2016 08:07pm EST 

Fairpoint Communications Inc :Mudrick Capital Management, L.P. reports 6.5 percent passive stake in Fairpoint Communications Inc as of Nov. 1 - SEC filing.  Full Article

Mudrick Capital Management reports 6.5 pct passive stake in Fairpoint Communications
Thursday, 10 Nov 2016 04:57pm EST 

Fairpoint Communications Inc :Mudrick Capital Management, L.P. reports 6.5 percent passive stake in Fairpoint Communications Inc as of Nov. 1 - SEC filing.  Full Article

Maglan Capital delivers letter to Fairpoint Communications CEO and board
Wednesday, 17 Aug 2016 03:39pm EDT 

Maglan Capital LP: Maglan Capital LP says delivers letter to Fairpoint Communications CEO and board of directors . Reiterates prior demands that the Fairpoint board establish a share repurchase program . Reiterates prior demands asking Fairpoint Communications Inc to form a committee to review strategic alternatives . Maglan Capital Lp, together with its affiliates owns about 7.5 pct of Fairpoint Communications Inc's shares of common stock . Requests immediate resignation of four board members of fairpoint communications . Add a new member to fairpoint board selected by Maglan and form a committee to review strategic alternatives . Intends to call special meeting of shareholders to remove and replace members of board should board fail to respond to its demands .Demand Dennis J Austin, Michael J Mahoney, David L Treadwell, Wayne L Wilson of Fairpoint's board to "immediately tender resignation".  Full Article

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