Consolidated Communications (CNSL) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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On January 31, 2024, Consolidated Communications Holdings, Inc. conducted a virtual special meeting where stockholders voted on proposals related to a Merger Agreement with Condor Holdings LLC and Condor Merger Sub Inc., both affiliated with Searchlight Capital Partners. Approximately 89.40% of the total shares entitled to vote were present, constituting a quorum. All three proposals, including the adoption of the Merger Agreement, approval of executive compensation in relation to the merger, and a potential adjournment for additional proxy solicitation, were approved by the requisite number of stockholder votes, negating the need for any adjournment.
For further insights into CNSL corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
