SureWest Communications Buyout prompts Investor Investigation

An investigation on behalf of investors of SureWest Communications in connection with the takeover was announced and NASDAQ-SURW stockholders should contact the Shareholders Foundation at
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March 4, 2012 - PRLog -- The announcement by SureWest Communications that agreed to by acquired by Consolidated Communications Holdings for $23 per NASDAQ-SURW caused an investigation for investors in SureWest Communications  shares concerning whether the offer to acquire SureWest Communications and the buyout process are unfair to investors in NASDAQ-SURW shares.

If you are a current investor in SureWest Communications  shares and purchased your NASDAQ-SURW shares prior to the announcement, you have certain options and you should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigations by law firms concern whether SureWest, certain officers and directors, and/or others breached their fiduciary duties owed to SureWest Communications  investors in connection with the proposed acquisition.

On Monday, February 6, 2012, SureWest Communications  and Consolidated Communications Holdings, Inc.  announced that they hae entered into an agreement under which Consolidated Communications Holdings will acquire all the outstanding shares of SureWest Communications in a cash and stock transaction valued at $23.00 per share, or a total of approximately $340.9 million, exclusive of debt.

However, SureWest Communications’ performance for its investors increased over the past years. In fact, SureWest Communications’ annual Revenue rose from $174.26million in 2007 to $243,50million in 2010 and its third quarter Revenue in 2011 increased from $61.12million in 2010 to $63.00million.

Therefore the investigation for NASDAQ-SURW investors concerns whether the SureWest Communications Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to SureWest Communications  shareholders by failing to adequately shop the Company before entering into this transaction.

Those who are current investors in SureWest Communications  and purchased your SureWest Communications (SURW) shares prior to the announcement, have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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Tags:Surw, Nasdaq:surw, Sure West Communications, SureWest Communications, Nasdaq
Industry:Banking, Business, Finance
Location:San Diego - California - United States
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