Home Equities Score Consolidated Communications Holdings Inc. (CNSL) stock surged during pre-market, followed by no...

Consolidated Communications Holdings Inc. (CNSL) stock surged during pre-market, followed by no recent update

Consolidated Communications Holdings Inc. (NASDAQ: CNSL) stock declined by 0.58% at last close whereas the CNSL stock-price gains by 11.01% in the pre0market trading session. Consolidated Communications Holdings is committed to advancing individuals, businesses, and communities by providing the most up-to-date, dependable communications solutions.

>> 7 Top Picks for the Post-Pandemic Economy << 

Recent Development

Consolidated Communications revealed that it has obtained all-important regulatory approvals from the state Public Utilities Commission (PUC) for the transition of CNSL’s contingent payment right to an affiliate of Searchlight Capital Partners, as a component of Searchlight’s previously reported investment in the company. The CPR has now been converted into an extra number of shares of the Company’s common stock, which, when combined with the shares issued to Searchlight at the finalization of the first phase of the Investment on Oct. 2, 2020, represents approximately 24.5 percent of the Company’s outstanding shares.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

Bob Udell, president, and CEO at Consolidated Communications stated,

The fiber expansion project, which is funded entirely, is off to a rapid start. They’re happy to have received shareholder and state regulatory clearances, and they’re on pace to close on the whole Searchlight investment later this year, pending FCC permission. The goal of this collaboration is to create long-term value for all consolidated shareholders. Their business is undergoing a change that will provide major benefits to consumers, businesses, and carriers across their service areas.

Furthermore,

The investment is divided into two parts. Searchlight contributed $350 million in return for 8% of the Firm’s ordinary shares in the first round, which was concluded on Oct. 2, 2020. Searchlight also got the CPR and the right to access an unsecured subordinated note with a principal amount of $395.5 million under the terms of the deal.

>> 7 Top Picks for the Post-Pandemic Economy << 

All of the Company’s proposals relating to the Investment won overwhelming shareholder approval in May 2021. CNSL has also received the applicable state PUC regulatory approvals for the Investment, as well as clearance under the Hart-Scott-Rodino Act.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Smith Micro Develops Inc. (SMSI) stock soars during current market trading. Here’s to know why?

Smith Micro Develops Inc. (NASDAQ: SMSI) stock surged by 2.39% during the current market trading session. Smith Micro creates software that simplifies and improves...

Drive Shack Inc. (DS) stock soars during after-hour trading, followed by no recent update

Drive Shack Inc. (NASDAQ: DS) stock declined by 3.94% at last close while the DS stock-price surged by 7.38% in the after-hour session. Drive...

SPX Flow Inc. (FLOW) stock surged during current market. Here’s why the stock is sky-rocketing?

SPX Flow Inc. (NASDAQ: FLOW) stock gained by 24.24% in the current market trading session. SPX FLOW, based in Charlotte, works to make the...

Platinum Group Metal Ltd. (PLG) stock surges during after-market trading. Here’s to know what’s happening?

Platinum Group Metal Ltd. (NASDAQ: PLG) stock declined by 8.54% at last close whereas the PLG stock price gains by 7% in the after-market...

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

Related News

TD Holdings Inc. (GLG) stock gains during current market trading. Here’s the recent update

TD Holdings Inc. (NASDAQ: GLG) stock gains by 5.01% in the current market trading session. TD Holdings, Inc. is a service provider in China...

NeuroMetrix Inc. (NURO) stock plunged during pre-market. Let’s find out why?

NeuroMetrix Inc. (NASDAQ: NURO) stock gained by 18.89% at last close while the NURO stock price losses by -4.12% in the pre-market trading session....

DMC Global Inc. (BOOM) stock declines during pre-market trading. Here’s what you should know

DMC Global Inc. (NASDAQ: BOOM) stock plunged by 6.50% at last close while the BOOM stock price fell further by 13.06% in the pre-market...

Boston Beer Company Inc. (SAM) stock fell during after-hour trading. Here’s the recent update

Boston Beer Company Inc. (NASDAQ: SAM) stock gains by 1.89% at last close whereas the SAM stock price plunged by 18.64% in the after-hours...

Jupiter Wellness, Inc. (JUPW) Stock Plummets Following Pricing of Underwritten Public Offering

Jupiter Wellness, Inc. (JUPW) stock prices were down 15.45% as of the market closing on July 21st, 2021, bringing the price per share down...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam