IFLR1000

Consolidated Communications Holdings $1.5 billion acquisition of FairPoint Communications

5/12/2016
Public acquisition
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$ 1.5 billion

Announced

5/12/2016

Overview:

  • Consolidated Communications Holdings has acquired fellow US telecommunications company FairPoint Communications in a $1.5 billion deal.
  • The all-stock merger price includes debt.
  • Morgan Stanley served as lead financial adviser for Consolidated.
  • Evercore was the sole financcial adviser for FairPoint.
  • The deal is expected to close in mid-2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Paul Hastings

Party: FairPoint Communications (Target)

Schiff Hardin

Party: Consolidated Communications Holdings (Acquirer)

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