NEW
YORK, Nov. 24, 2023 /PRNewswire/ -- Julie &
Holleman LLP, a nationally recognized shareholder rights law firm,
is investigating the proposed $4.70
per share sale of Consolidated Communications Holdings, Inc.
(Nasdaq: CNSL) to its largest shareholder, private equity firm
Searchlight Capital. The firm has already identified potential
conflicts of interest, and recent SEC filings suggest the deal
price is grossly unfair.
For a free consultation and to learn about our investigation,
click here or visit: https://julieholleman.com/?p=3165
On October 16, 2023, Consolidated
announced that Searchlight, which already owns 34% of Consolidated,
secured a deal to acquire the rest of the company for $4.70 per share.
Julie & Holleman, whose attorneys have helped secure
hundreds of millions of dollars for shareholders, is concerned
about potential conflicts arising from the fact that Consolidated's
largest shareholder wants to seize control of the rest of the
company. In the past, Searchlight has used its significant stake in
the company to secure two seats on Consolidated's board of
directors and to gain access to insider information.
Recent SEC filings also show that financial analyses show the
company might be worth as much as $10.50 per share, more than double the current
deal price. The deal price is also well below the company's
$5.50 per share 52-week high, and
even less than the $8 per share
trading prices from barely a year ago.
If you would like more information about our investigation,
please contact W. Scott Holleman at
scott@julieholleman.com or (917) 325-3798, or submit your
information by clicking here.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions,
and corporate investigations. The firm's attorneys litigate in
state and federal courts across the nation and have helped secure
hundreds of millions of dollars for aggrieved companies and their
shareholders. For more information about the firm, please visit
https://www.julieholleman.com/. This notice may constitute attorney
advertising. Past results do not guarantee future outcomes.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP