Consolidated Communications Completes Acquisition of North Pittsburgh Systems, Inc. and Plans First Quarter 2008 Launch of IPTV Service in Pennsylvania
Monday, December 31, 2007
Consolidated Communications Holdings, Inc. ("Consolidated") (Nasdaq: CNSL) announced today that it has completed the previously announced acquisition of North Pittsburgh Systems, Inc. ("North Pittsburgh") (Nasdaq: NPSI), for approximately $362.6 million, based upon the closing price of Consolidated's common stock on December 28, 2007. The acquired company will operate in Pennsylvania under the Consolidated Communications brand name.
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Consolidated Communications Reaches a Definitive Merger Agreement to Acquire North Pittsburgh Systems, Inc. for $375.1 Million
Monday, July 2, 2007
Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) announced today that it has entered into a definitive agreement to acquire North Pittsburgh Systems, Inc. (Nasdaq: NPSI) for $25 per share in a taxable cash and stock transaction with a total consideration of $375.1 million, based on Consolidated’s June 29, 2007 closing price.
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