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Share Name | Share Symbol | Market | Type |
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Consolidated Communications Holdings Inc | NASDAQ:CNSL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.23% | 4.32 | 4.23 | 4.42 | 4.33 | 4.29 | 4.31 | 318,486 | 21:19:55 |
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Why should I vote FOR the deal?
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Casting your vote is the best way for you to secure this compelling cash premium.
Our standalone plan carries significant downside risk due to our constrained liquidity position and limited access to capital. We are simply unable to fund future fiber builds at the pace necessary to remain competitive and to continue to grow.
The Proposed Transaction eliminates the real risk that shareholders face if Consolidated were to remain public, and transfers all liquidity, financing and execution risks to Searchlight and BCI.
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Is this my best option?
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We believe so, yes.
The Special Committee completed an exhaustive evaluation of all opportunities to maximize value for shareholders, meeting more than 35 times over a six-month period. The process was public and highly visible from the moment Searchlight and BCI submitted their initial non-binding proposal to the Board. No parties expressed interest in bidding despite this long and public process.
The Special Committee’s robust evaluation underscores that the Proposed Transaction is the most compelling path forward for Consolidated and its shareholders.
The $4.70 per share all-cash offer is:
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A 70% premium to our unaffected share price1
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Significantly higher than certain recent public and take private precedent transactions
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Significantly higher than analysts’ price targets prior to the unaffected date1
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What happens if I don’t vote?
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If we do not get enough votes in favor to approve the transaction, it will fail and Consolidated’s share price is at risk of dropping significantly below the pre-announcement price.
Maximize the value of your investment and vote “FOR” the Proposed Transaction today.
Your vote is extremely important, regardless of how many shares you own. Every vote counts and is critical to the future of the Company. Not voting is the same as voting against the transaction.
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How do I vote?
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Consolidated shareholders have three quick and easy ways to vote “FOR” the Proposed Transaction up until 11:59 p.m. ET the day before the cut-off date or meeting date:
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Vote Online: Before the meeting, go to proxyvote.com or scan the QR code on your card. Have your proxy card in hand and follow the instructions.
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Vote By Mail: Mark, sign and date the proxy card and return it in the postage-paid envelope provided.
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Vote By Phone: Dial 1-800-690-6903 on any touch-tone telephone. Have your proxy card in hand and follow the instructions.
Don’t delay. We recommend that you vote promptly, even if you plan to attend the special meeting of shareholders.
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1 Year Consolidated Communicati... Chart |
1 Month Consolidated Communicati... Chart |
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