Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Consolidated Communications Holdings Inc.
said Monday it agreed to be taken private by affiliates of Searchlight Capital Partners LP and British Columbia Investment Management Corp in an all-cash deal that values the Mattoon, Ill.-based broadband company at $3.1 billion. Consolidated Communications said the two private-equity firms will pay $4.70 a share for the roughly 66% of the company’s stock that they do not already own.
Malaysia Latest News, Malaysia Headlines
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