Consolidated Communications Holdings, Inc. (CNSL) on Monday revealed a definitive agreement to acquire North Pittsburgh Systems, Inc. (NPSI) for $25 per share in a taxable cash and stock transaction with a total consideration of $375.1 million, based on Consolidated's June 29, 2007 closing price. The company stated that it expects operating synergies of approximately $7 million in 2008, and $11 million in 2009. Capital synergies are estimated at approximately $3.0 million in 2008 and $6.0 million in 2009 and beyond, the company noted. In addition, Consolidated estimates the transaction to be accretive to cash flow by approximately 6%, after synergies, in the first full year of operations.The company further disclosed that it intends to finance the cash portion of the purchase price with debt and cash on hand, and that it has obtained a commitment for the financing necessary to complete the transaction from Wachovia Bank.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.