Consolidated, Enventis Shareholders Approve Merger

(RTTNews) - Consolidated Communications Holdings, Inc. (CNSL) said Wednesday that its shareholders have approved the company's proposed $350 million acquisition of Enventis Corp. (ENVE), formerly HickoryTech.

Under the terms of the merger agreement, announced in late June, Enventis shareholders will receive a fixed exchange ratio of 0.7402 shares of Consolidated common stock for each share of Enventis common stock they own.

Meanwhile, Enventis said that its shareholders have also approved the proposed acquisition of the company by Consolidated Communications at their special meeting.

Consolidated and Enventis have received all Federal and State regulatory approvals to complete the merger and expect the deal to close on October 16.