Consolidated to Buy SureWest

Consolidated Communications Holdings and SureWest Communications have entered into a definitive agreement under which Consolidated will acquire all the outstanding shares of SureWest in a cash and stock transaction valued at $23.00 per share, or a total of approximately $340.9 million, exclusive of debt.

SureWest currently serves 130,000 residential subscribers and 15,700 commercial businesses in the greater Kansas City and Sacramento regions. Consolidated provides a range of services including voice, data and video services to residential and business customers in Illinois, Pennsylvania and Texas.
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