On December 27, 2023, Consolidated Communications Holdings, Inc. announced that it has mailed a letter to its shareholders in connection with its upcoming special meeting of shareholders to be held on January 31, 2024 and urged its shareholders to vote for the proposed acquisition of the Company by affiliates of Searchlight Capital Partners, L.P. and British Columbia Investment Management Corporation. The Company added that board of directors believes the $4.70 per share cash offer from Searchlight and BCI is the best risk-adjusted outcome for shareholders.