Glass Lewis: Consolidated Comms holders should vote for Searchlight deal

Consolidated Communications Holdings announced that a leading independent proxy advisory firm, Glass Lewis & Co. has joined Institutional Shareholder Services in recommending that Consolidated shareholders vote “FOR” the proposed acquisition of the Company by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corporation. The Company’s special meeting of shareholders to vote on the Proposed Transaction is scheduled to be held on January 31 . Shareholders of record as of December 13 are entitled to vote at the Special Meeting. Consolidated urges its shareholders to vote “FOR” the Proposed Transaction today. Consolidated issued the following statement regarding the Glass Lewis recommendation to vote FOR the Proposed Transaction: “Glass Lewis joining ISS in its support of the Proposed Transaction underscores the financially compelling and certain value that this transaction delivers to our shareholders. Following its extensive and thorough review, the Board believes this transaction is critical for Consolidated’s future and represents the best risk-adjusted outcome for shareholders.”