Consolidated Communications Holdings, INC
Market Movers (8-K)
Consolidated Communications Holdings, Inc. has completed its merger with an affiliate of Searchlight Capital Partners, L.P., resulting in the company becoming a wholly-owned subsidiary and ceasing to be publicly traded.
Consolidated Communications' board ratified its approval of a merger agreement to resolve a legal challenge regarding the initial approval process.
Consolidated Communications Holdings, Inc. is set to be acquired by an affiliate of Searchlight Capital Partners after receiving the final required regulatory approval from the Federal Communications Commission.
Consolidated Communications announced its third quarter 2024 financial results, showing a net loss of $61.4 million and adjusted EBITDA of $86.5 million, while also progressing towards its acquisition by Searchlight Capital Partners and British Columbia Investment Management Corporation.
Better than expected
Capital raise
Consolidated Communications has entered into a loan agreement for up to $60 million to fund the expansion of its fiber infrastructure.
Capital raise
Consolidated Communications has entered into a loan agreement for up to $80 million to fund the expansion of its fiber infrastructure.
Capital raise
Quarterly Earnings (10-Q)
Consolidated Communications Holdings, Inc. announces its Q3 2024 financial results, highlighting ongoing fiber expansion and a pending merger with Searchlight Capital Partners.
Worse than expected
10-Q: Consolidated Communications Reports Q2 2024 Results Amidst Pending Merger with Searchlight Capital
Consolidated Communications announced its Q2 2024 financial results, showing a net loss but improved Adjusted EBITDA, while awaiting regulatory approvals for its merger with Searchlight Capital.
Worse than expected
Capital raise
Consolidated Communications reported a net loss for Q1 2024, while progressing with its fiber expansion plans and awaiting regulatory approval for its merger with Searchlight Capital Partners.
Worse than expected
Capital raise
Annual Reports (10-K)
Consolidated Communications Holdings, Inc. released its annual 10-K filing, outlining its financial performance, strategic initiatives, and the pending merger with Searchlight Capital Partners.
Worse than expected
Insider Trading (Form 4)
Director Roger H. Moore sold 187,886 shares of Consolidated Communications Holdings, Inc. for $4.70 per share as part of a merger agreement.
Director Marissa Solis Michel sold 87,658 shares of Consolidated Communications Holdings, Inc. at $4.70 per share as part of a merger agreement.
Director Thomas Gerke disposed of all his Consolidated Communications shares for $4.70 per share as part of a merger agreement.
Director Maribeth S. Rahe sold all of her Consolidated Communications shares for $4.70 per share as part of a merger agreement.
Consolidated Communications CEO, C Robert Udell JR, disposed of all his shares as part of the company's merger, receiving $4.70 per share.
Consolidated Communications CFO Fred Graffam disposed of 304,271 shares at $4.70 per share as part of a merger agreement.