Form 4: Consolidated Communications Director Sells Shares in Merger Transaction

Robert J. Currey, a director at Consolidated Communications Holdings, Inc., disposed of his shares as part of a merger agreement, receiving $4.70 per share.

Summary

• This document is a Form 4 filing, indicating a change in beneficial ownership of securities.
• Robert J. Currey, a director at Consolidated Communications Holdings, Inc., sold his shares as part of a merger agreement.
• The transaction occurred on December 27, 2024, where Mr. Currey's shares were converted into the right to receive $4.70 per share.
• Mr. Currey disposed of 223,378 shares directly and 71,793 shares indirectly through a revocable trust.
• The merger agreement was dated October 15, 2023, and involved Condor Holdings LLC and Condor Merger Sub Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction following a merger, with no indication of positive or negative sentiment. It is a neutral event from an investment perspective.

Industry Context

This filing reflects a standard procedure following a merger agreement, where existing shareholders receive cash consideration for their shares.

Comparison to Industry Standards

• Merger transactions often involve the conversion of existing shares to cash, which is a common practice in the industry.
• The price of $4.70 per share is the agreed upon value in the merger agreement, which is typical in such transactions.
• Form 4 filings are a standard regulatory requirement for reporting changes in beneficial ownership by company insiders.

Stakeholder Impact

• Shareholders received $4.70 per share as part of the merger agreement.

Key Dates

Keywords

Merger, Form 4, Beneficial Ownership, Consolidated Communications, Director, Share Sale, Robert J. Currey