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Telecom Client Expands Holdings

  • Client: Consolidated Communications Holdings, Inc.
  • Date: June 2012
  • Location: Illinois

Summary:

Schiff Hardin attorneys assisted Consolidated Communications Holdings, Inc. in the acquisition of SureWest Communications, a provider of integrated communications products and services to residential and business customers.

The public company transaction involved a cash and stock purchase price of approximately $324 million, exclusive of debt. SureWest shareholders were offered cash or stock elections in exchange for their shares, subject to a proration so that 50% of the SureWest shares were exchanged for cash and 50% for Consolidated stock.

The acquisition extends Consolidated Communications’ service territory into the greater Sacramento and Kansas City regions. Schiff Hardin previously assisted Consolidated Communications with the acquisition of North Pittsburgh Systems in 2007.

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