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Consolidated Communications jumps 18% as Searchlight weighs acquisition

Fiber Optics Cable

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  • Consolidated Communications (NASDAQ:CNSL) is bouncing back Tuesday, up 17.6%, as Searchlight Capital Partners considers a further buy-in to the company - including the prospect of a full acquisition.
  • An amended SEC filing from Searchlight says

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Comments (2)

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I do think searchlight has already assessed the prospect of a majority position as well as an offer for all shares.

Private equity likes Conṭrol, and searchlight are not amateurs.

They do not want the share price dropping 30% because an analyst at citi put a $5 price target and the market revalues their 35% equity stake
Lie, lie, lie. Just trying to cover losses.
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