Schiff Hardin LLP is representing Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in its pending acquisition of broadband service provider FairPoint Communications, Inc. (NASDAQ:FRP), which the companies announced December 5, 2016. The all-stock deal is valued at $1.5 billion, including debt, and is expected to close by mid-2017. Schiff Hardin has been counseling Consolidated on corporate matters for more than 30 years.
Consolidated is a leading broadband and business communications provider operating in 11 states. FairPoint operates in 17 states and has the largest network in northern New England.
Schiff Hardin’s Mergers and Acquisitions team advises U.S. and multinational businesses as well as private equity firms in structuring, negotiating, and completing domestic and international mergers, acquisitions, and divestitures.