Schiff Hardin Advises Consolidated In $341M Telecom Buy

Law360, New York (February 6, 2012, 12:24 PM EST) -- Consolidated Communications Holdings Inc. will purchase SureWest Communications, a telecommunications provider in California, Kansas and Missouri, in a $340.9 million cash-and-stock deal that will complement its own operations in Illinois, Pennsylvania and Texas, the companies said Monday.

Shareholders of Roseville, Calif.-based SureWest will be able to exchange their common stock for either $23 in cash or Consolidated common stock with an equivalent value, according to the companies. The deal is structured so that half of the SureWest shares will be exchanged for cash and the other...
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