2/7/2012 6:30 AM ET
(RTTNews) - SureWest Communications (SURW: News ) announced Monday morning that it agreed to be acquired by Consolidated Communications Holdings (CNSL: News ) 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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by RTT Staff Writer
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