Consolidated Communications prices initial public offering
July 22, 2005
MATTOON, Ill. -- Consolidated Communications, Inc. today announced the pricing of its initial public offering of 15.7 million shares of its common stock at $13.00 per share. Of these 15.7 million shares, the company will issue 6.0 million shares and some selling stockholders will sell an additional 9.7 million shares in the offering. In addition, the company and the selling stockholders have granted the underwriters a 30 day option to purchase up to an additional 2.4 million shares to cover over-allotments.
Consolidated Communications' common stock is expected to begin trading today on the NASDAQ National Market under the ticker symbol "CNSL".
Credit Suisse First Boston and Citigroup are acting as the lead book- running managers of the proposed offering. Banc of America Securities LLC, Deutsche Bank Securities, Lehman Brothers and Wachovia Securities are also acting as managers of the proposed offering.
Consolidated Communications Inc.
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