NEW YORK, Feb. 10, 2012 /PRNewswire/ -- Bull &
Lifshitz, LLP announces an investigation into possible
breaches of fiduciary duty in connection with the proposed sale of
SureWest Communications (NASDAQ: SURW) (referred to as "SureWest"
or the "Company") to Consolidated Communications Holdings, Inc.
("Consolidated"), in a cash-and-stock transaction valued at
approximately $340.9 million,
exclusive of debt.
(Logo:
http://photos.prnewswire.com/prnh/20120119/MM38805LOGO )
Under the terms of the agreement, SureWest's shareholders may
elect to exchange each share of SureWest common stock for either
$23.00 in cash or shares of
Consolidated common stock having an equivalent value based on
average trading prices for the 20-day period ending two days before
the closing of the acquisition, subject to a collar. Overall
elections are subject to proration such that 50 percent of the
SureWest shares will be exchanged for cash and 50 percent for
stock. The stock portion of the transaction will be received tax
free.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company's
shareholders.
If you are a holder of SureWest common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of SureWest and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to SureWest.
Bull & Lifshitz, LLP is a New York
City-based law firm with significant experience representing
investors in merger-related shareholder class actions, shareholder
derivative actions, and securities fraud class actions. For
more information about the firm, please visit our website at
www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz,
LLP. The law firm responsible for this advertisement is Bull
& Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Contact:
Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
SOURCE Bull & Lifshitz, LLP