SureWest Communications (SURW) announced Monday morning that it agreed to be acquired by Consolidated Communications Holdings (CNSL) in a cash and stock transaction valued at $23.00 per share, or a total of approximately $340.9 million.
SureWest Communications gapped open dramatically higher Monday, but moved in a narrow range throughout the session. Shares finished up by 7.08 at $22.67, with volume at a 7-month high. The stock broke out to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.