Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (19765)	12/5/2016 9:01:18 AM
From: E_K_S	Read Replies (2) \| Respond to of 34328

Consolidated Communications Holdings, Inc. (NASDAQ: CNSL - 5.5% dividend payer Fairpoint Communications, Inc. (NASDAQ: FRP) Consolidated Communications to buy FairPoint in $1.5 billion deal Consolidated's acquisition of FairPoint marks the fifth such deal in the last two months as growing demand for data and video services drives companies to expand their fiber optic networks in newer regions. The deal will help Consolidated expand into northern New England, adding about 17,000 fiber route miles in the region. Shareholders of FairPoint will receive 0.73 shares of Consolidated for each share held. Excluding debt, the equity portion of the deal is valued at about $561 million, or $20.72 per FairPoint share, according to Reuters calculations. This represents a premium of 21.9 percent to FairPoint's Friday close. ------------------------------------------------------ More consolidation in a fragmented industry. Probably see some more deals too. EKS