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Consolidated Communications Holdings Inc. Message Board

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  • pianotzz pianotzz May 23, 2012 11:18 AM Flag

    Years low stock price

    In since 2010 currently down +20% even with dividends since 2010...still down 10%. That isn't great investing...shame on me...

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    • I read the prospectus for CNSL shareholders to vote on the upcoming merger with SureWest. It sure does not look like it is a great deal for CNSL. CNSL's consultant valuation for SureWest said the value CNSL was getting was from the tax benefits and the assumed synergies they can wring out of the merger.

      SureWest shareholders win big, with the big buyout price now, but CNSL shareholders pay big, and then have to wait until who knows when to benefit from the merger. I voted (admittedly probably fruitlessly) "No" on the merger proposal.

      The very high interest rates on the notes CNSL is issuing is another sign the bankers think the deal is risky. More risk equals higher interest rates they need to charge.

 
CNSL
19.16-0.10(-0.52%)Apr 15 4:00 PMEDT

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