Kaskela Law LLC is investigating Consolidated Communications Holdings, Inc. (NASDAQ: CNSL) (“Consolidated Communications”) on behalf of the company’s shareholders.
On October 16, 2023, Consolidated Communications announced that it had agreed to a privatization buyout at $4.70 per share in cash – a discount of approximately 15% to the company’s 52-week high price of $5.55 per share. Following the closing of the proposed transaction, Consolidated Communications shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.
The investigation seeks to determine whether Consolidated Communications’ directors violated the securities laws or breached their fiduciary duties in agreeing to sell the company at $4.70 per share, and whether all material information about the proposed transaction is being properly disclosed to CNSL shareholders.
Consolidated Communications shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.