LOS ANGELES, CA / ACCESSWIRE / October 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Consolidated Communications Holdings, Inc. ("Consolidated Communications" or "the Company") (NASDAQ:CNSL) for potential breaches of fiduciary duty on the part of its directors and management.
The investigation focuses on determining if the Consolidated Communications board breached its fiduciary duties to shareholders. The Company announced on October 16, 2023, that "it has entered into a definitive agreement (the "Agreement") to be acquired by affiliates of Searchlight Capital Partners, L.P. ("Searchlight") and British Columbia Investment Management Corporation ("BCI") in an all-cash transaction with an enterprise value of approximately $3.1 billion, including the assumption of debt."
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm