Wildcat capital management issues letter to consolidated communications' special committee urging it to reject the recent "take private" proposal at $4.00 per share

Wildcat capital management supports the company's strategy as a standalone public entity believes the current "take private" proposal significantly undervalues consolidated communications new york , july 12, 2023 /prnewswire/ -- wildcat capital management, llc (together with its affiliates, "wildcat"), which beneficially owns approximately 2.6% of the outstanding shares of consolidated communications holdings, inc. ("cnsl" or the "company") (nasdaq:cnsl), today sent a letter to the special committee of cnsl's board of directors regarding its significant concerns with the non-binding takeover offer, dated april 12, 2023, from searchlight capital partners, l.p. and british columbia investment management corporation.
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