During Consolidated's annual meeting on Tuesday, 98.4 percent of the telco's shareholders approved the acquisition.
With this vote in hand, the telco will be able to complete its purchase on July 2.
According to the terms of the half cash and stock agreement, SureWest shareholders have the option of exchanging their shares for either $23 in cash or for shares of Consolidated's common stock.
SureWest shareholders have until June 28 to decide whether to exchange their shares for stock or cash.
- Sacramento Business Journal has this article
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