The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of SureWest Communications in Connection with the Sale of the Company to Consolidated Communications Holdings, Inc.

Published on Monday, 06 February 2012 20:22 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

Levi & Korsinsky is investigating the Board of Directors of SureWest Communications (“SureWest ” or the “Company”) (Nasdaq: SURW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Consolidated Communications Holdings, Inc. (“Consolidated Communications”) (Nasdaq: CNSL). Under the terms of the agreement, SureWest shareholders may elect to receive either $23.00 in cash or shares of Consolidated Communications common stock having an equivalent value for each SureWest common share they own. The transaction has a total approximate value of $340.9 million.

Click here to learn how to join the action: http://www.zlk.com/surewest-communications-surw, or call: 877-363-5972. There is no cost or obligation to you.

The investigation concerns whether the SureWest Board of Directors breached their fiduciary duties to SureWest stockholders by failing to adequately shop the Company before entering into this transaction and whether Consolidated Communications is underpaying for SureWest shares, thus unlawfully harming SureWest stockholders.

If you own common stock in SureWest and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.

Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLPJoseph Levi, Esq. / Eduard Korsinsky, Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com