Enventis Declares Special Cash Dividend
22 Septembre 2014 - 7:32PM
Business Wire
Enventis Corporation (NASDAQ: ENVE) today announced its Board of
Directors voted to declare a special dividend of $0.074 per share
of Enventis stock. The dividend is payable on October 15, 2014 for
shareholders of record on October 2, 2014.
As Enventis prepares for the merger with Consolidated
Communications Holdings, Inc. (NASDAQ: CNSL) during the fourth
quarter of 2014, it is declaring a special dividend to align
Enventis shareholders dividends with the current CNSL dividend
policy. In accordance with the current CNSL dividend policy and
subject to the discretion of and declaration by the CNSL board of
directors, the first dividend Enventis shareholders would receive
as shareholders of CNSL would be payable Feb. 1, 2015 (for November
and December 2014 and January 2015) for shareholders of record on
Jan. 15, 2015. The CNSL board of directors has declared dividends
of $0.38738 per share of CNSL’s common stock for 37 consecutive
quarters.
Enventis has suspended its automatic dividend reinvestment plan
pending completion of the merger with Consolidated Communications
and participants in this plan will receive the cash dividend
payment instead of shares of Enventis common stock.
CNSL’s policy, which is subject to the discretion of CNSL’s
board of directors, has been to consistently pay its dividend on a
quarterly basis as follows: payable Feb. 1 for shareholders of
record as of Jan. 15, payable May 1 for shareholders of record as
of April 15, payable Aug. 1 for shareholders of record as of July
15, payable November 1 for shareholders of record as of Oct.
15.
About EnventisEnventis (NASDAQ: ENVE) is a leading
provider of advanced communication solutions including data, cloud
and IT services to businesses throughout the upper Midwest. The
company also provides residential broadband services in select
southern Minnesota and northwest Iowa communities. The Enventis
fiber network spans more than 4,200 route miles across Minnesota
and into Iowa, North Dakota, South Dakota and Wisconsin. The
company has 520 employees with corporate headquarters located in
Mankato, Minn. and a 116-year track record of stability. Learn more
about Enventis at www.enventis.com.
Additional InformationThis communication relates to the
proposed merger transaction pursuant to the terms of the Agreement
and Plan of Merger, dated as of June 29, 2014, among Enventis
Corporation (“Enventis”), Consolidated Communications Holdings,
Inc. (“Consolidated”) and Sky Merger Sub Inc., a wholly-owned
subsidiary of Consolidated.
Consolidated has filed with the Securities and Exchange
Commission (“SEC”) a registration statement on Form S-4 in
connection with the proposed merger transaction that includes the
preliminary proxy statement of Enventis, which also constitutes a
prospectus of Consolidated. The Form S-4 was declared effective by
the SEC on August 22, 2014. Enventis mailed to its shareholders the
definitive joint proxy statement/prospectus regarding the proposed
merger transaction on August 28, 2014. Enventis urges investors and
security holders to read the joint proxy statement/prospectus
(including all amendments and supplements to it) and other
documents relating to the merger transaction, because they contain
important information about Enventis, Consolidated and the proposed
transaction. Investors and security holders may obtain a free copy
of the Form S-4 and the joint proxy statement/prospectus and other
documents relating to the merger transaction from the SEC’s website
at www.sec.gov, Enventis’ website at www.enventis.com and
Consolidated’s website at www.consolidated.com. In addition, copies
of the preliminary joint proxy statement/prospectus and such other
documents may be obtained from Enventis free of charge by directing
a request to Enventis Corporation, 221 East Hickory Street, P.O.
Box 3248, Mankato, MN 56002-3248, Attn: Investor Relations,
telephone: (507) 387-3355.
Certain Information Regarding ParticipantsEnventis and
its directors and executive officers may be deemed, under SEC
rules, to be participants in the solicitation of proxies from
Enventis’ shareholders with respect to the proposed merger
transaction. Security holders may obtain information regarding the
names, affiliations and interests of such individuals in the
proposed merger transaction in the joint proxy statement/prospectus
that was included in the registration statement on Form S-4 filed
by Consolidated. Copies of the Form S-4 and the joint preliminary
proxy statement/prospectus may be obtained free of charge as set
forth in the previous paragraph.
Enventis CorporationJennifer Spaude, 507-386-3765
Enventis Corp (NASDAQ:ENVE)
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