Status: Pending
Acquirer: Searchlight Capital Partners L.P. (U.S) and British Columbia Investment Management Corporation (Canada)
Acquired: Consolidated Communications Holdings, Inc. (U.S.)
Value: $3.1 billion
Industry Tags: Telecommunications
On October 15, 2023, Consolidated Communications Holdings, Inc., (Nasdaq: CNSL), “a top 10 fiber provider in the United States,” entered into a merger agreement “to be acquired by affiliates of Searchlight Capital Partners, L.P. . . . and British Columbia Investment Management Corporation . . . in an all-cash transaction with an enterprise value of approximately $3.1 billion, including the assumption of debt.” (Press Release, Consolidated Communications Holdings, Inc., Form -8-K, Ex-99.1, Oct. 16, 2023, SEC Filing.) CFIUS Clearance is a condition to closing the merger. (Agreement and Plan of Merger, § 6.1(c), Consolidated Communications Holdings, Inc., Form -8-K, Ex-2.1, Oct. 16, 2023, SEC Filing.)
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