UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or
15(d) of
the Securities Exchange Act of
1934
Date of Report (Date of Earliest Event
Reported):
March 22, 2017
CONSOLIDATED COMMUNICATIONS HOLDINGS,
INC.
(Exact name of registrant as specified
in its charter)
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Delaware
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000-51446
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02-0636095
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(State of Incorporation)
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(Commission File Number)
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(IRS employer identification no.)
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121 South 17th Street
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Mattoon, Illinois
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61938-3987
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(Address of principal executive offices)
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(Zip code)
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Registrant’s telephone number,
including area code:
(217) 235-3311
Not Applicable
(Former name or former address, if
changed since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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X
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Item 8.01. Other Events.
Litigation
Related to the FairPoint Merger
As previously reported on a Current
Report on Form 8-K, filed on March 22, 2017 (the “March 22 Form 8-K”), by Consolidated
Communications
Holdings, Inc. (“Consolidated”)
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on March 22, 2017, the Court of Chancery
of the State of Delaware in the lawsuit captioned
Vento v. Currey, et al.
(Case No. 2017-0157) (the “Lawsuit”)
issued a letter decision stating that it would preliminarily enjoin approval of Consolidated’s stockholders (the “Consolidated
Stockholder Vote”) of the issuance of Consolidated’s common stock to stockholders of FairPoint Communications, Inc.
(“FairPoint”) in the merger (the “Merger”) contemplated by the previously disclosed Agreement and Plan
of Merger by and among Consolidated, FairPoint and Falcon Merger Sub, Inc., a wholly-owned subsidiary of Consolidated (the “Injunction”),
until five days after such time as Consolidated has supplemented its disclosures in connection with the Consolidated Stockholder
Vote to include a clear and direct explanation of the amount of financing-related fees that Consolidated’s financial advisor,
Morgan Stanley & Co. LLC, or any of its affiliates stands to receive in connection with the Merger if the Merger is consummated.
In response to the Injunction, Consolidated supplemented
the disclosures described above in the March 22 Form 8-K.
Subsequently on March 22, 2017, the Injunction was vacated,
and the Lawsuit was dismissed in a timely manner that would not cause any delay of the special meeting of Consolidated’s
stockholders, which will be held on March 28, 2017, as scheduled.
Cautionary Note Regarding Forward-looking Statements
The Securities and Exchange Commission (the “SEC”)
encourages companies to disclose forward-looking information so that investors can better understand a company’s future
prospects and make informed investment decisions. Certain statements in this communication are forward-looking statements and
are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These forward-looking statements
reflect, among other things, current expectations, plans, strategies, and anticipated financial results of Consolidated Communications
Holdings, Inc. (the “Company”) and FairPoint Communications, Inc. (“FairPoint”), both separately and as
a combined entity. There are a number of risks, uncertainties, and conditions that may cause the actual results of the Company
and FairPoint, both separately and as a combined entity, to differ materially from those expressed or implied by these forward-looking
statements. These risks and uncertainties include the timing and ability to complete the proposed acquisition of FairPoint by
the Company, the expected benefits of the integration of the two companies and successful integration of FairPoint’s operations
with those of the Company and realization of the synergies from the integration, as well as a number of factors related to the
respective businesses of the Company and FairPoint, including economic and financial market conditions generally and economic
conditions in the Company’s and FairPoint’s service areas; various risks to stockholders of not receiving dividends
and risks to the Company’s ability to pursue growth opportunities if the Company continues to pay dividends according to
the current dividend policy; various risks to the price and volatility of the Company’s common stock; changes in the valuation
of pension plan assets; the substantial amount of debt and the Company’s ability to repay or refinance it or incur additional
debt in the future; the Company’s need for a significant amount of cash to service and repay the debt and to pay dividends
on its common stock; restrictions contained in the Company’s debt agreements that limit the discretion of management in
operating the business; legal or regulatory proceedings or
other matters that impact the timing or ability to complete
the acquisition as contemplated, regulatory changes, including changes to subsidies, rapid development and introduction of new
technologies and intense competition in the telecommunications industry; risks associated with the Company’s possible pursuit
of acquisitions; system failures; losses of large customers or government contracts; risks associated with the rights-of-way for
the network; disruptions in the relationship with third party vendors; losses of key management personnel and the inability to
attract and retain highly qualified management and personnel in the future; changes in the extensive governmental legislation
and regulations governing telecommunications providers and the provision of telecommunications services; telecommunications carriers
disputing and/or avoiding their obligations to pay network access charges for use of the Company’s and FairPoint’s
network; high costs of regulatory compliance; the competitive impact of legislation and regulatory changes in the telecommunications
industry; liability and compliance costs regarding environmental regulations; the possibility of disruption from the integration
of the two companies making it more difficult to maintain business and operational relationships; the possibility that the acquisition
is not consummated, including, but not limited to, due to the failure to satisfy the closing conditions; the possibility that
the merger or the acquisition may be more expensive to complete than anticipated, including as a result of unexpected factors
or events; and diversion of management’s attention from ongoing business operations and opportunities. A detailed discussion
of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements
are discussed in more detail in the joint proxy statement of the Company and FairPoint, which also constitutes a prospectus of
the Company, filed by the Company with the SEC pursuant to Rule 424(b)(3) on February 24, 2017 (the “Joint Proxy Statement/Prospectus”),
and in the Company’s and FairPoint’s respective filings with the SEC, including the Annual Report on Form 10-K of
the Company for the year ended December 31, 2016, which was filed with the SEC on March 1, 2017, under the heading “Item
1A—Risk Factors,” and the Annual Report on Form 10-K of FairPoint for the year ended December 31, 2016, which was
filed with the SEC on March 6, 2017, under the heading “Item 1A—Risk Factors,” and in subsequent reports on
Forms 10-Q and 8-K and other filings made with the SEC by each of the Company and FairPoint. Many of these circumstances are beyond
the ability of the Company and FairPoint to control or predict. Moreover, forward-looking statements necessarily involve assumptions
on the part of the Company and FairPoint. These forward-looking statements generally are identified by the words “believe,”
“expect,” “anticipate,” “estimate,” “project,” “intend,” “plan,”
“should,” “may,” “will,” “would,” “will be,” “will continue”
or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that
may cause actual results, performance or achievements of the Company and FairPoint, and their respective subsidiaries, both separately
and as a combined entity to be different from those expressed or implied in the forward-looking statements. All forward-looking
statements attributable to us or persons acting on the respective behalf of the Company or FairPoint are expressly qualified in
their entirety by the cautionary statements that appear throughout this communication. Furthermore, forward-looking statements
speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of
the SEC, each of the Company and FairPoint disclaim any intention or obligation to update or revise publicly any forward-looking
statements. You should not place undue reliance on forward-looking statements.
Important Merger Information and Additional Information
This communication does not constitute an offer to sell
or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed
transaction, the Company and FairPoint have and will file relevant materials with the SEC. The Company and FairPoint have mailed
the Joint Proxy Statement/Prospectus to their respective stockholders.
Investors are urged to read the Joint Proxy Statement/Prospectus
regarding the proposed transaction because it contains important information.
The Joint Proxy Statement/Prospectus and other
relevant documents that have been or will be filed by the Company and FairPoint with the SEC are or will be available free of
charge at the SEC’s website, www.sec.gov, or by directing a request when such a filing is made to Consolidated Communications
Holdings, Inc., 121 South 17th Street, Mattoon, IL 61938, Attention: Investor Relations or to FairPoint Communications, Inc.,
521 East Morehead Street, Suite 500, Charlotte, North Carolina 28202, Attention: Secretary.
The Company, FairPoint and certain of their respective
directors, executive officers and other members of management and employees may be considered participants in the solicitation
of proxies in connection with the proposed transaction.
Information about the directors and executive officers of the Company
is set forth in its definitive proxy statement, which was filed with the SEC on March 28, 2016. Information about the directors
and executive officers of FairPoint is set forth in its definitive proxy statement, which was filed with the SEC on March 25,
2016, and in the Joint Proxy Statement/Prospectus.
These documents can be obtained free of charge from the sources listed
above. Investors may obtain additional information regarding the interests of such participants by reading the Joint Proxy Statement/Prospectus.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
D
ate: March 23, 2017
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Consolidated Communications Holdings,
Inc.
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By:
/s/ Steven L. Childers
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Name: Steven L. Childers
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Title: Chief Financial Officer
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