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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Filing of a Complaint Concerning the Sale of FairPoint Communications, Inc. to Consolidated Communications Holdings, Inc. -- FRP

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NEW YORK, March 02, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased FairPoint Communications, Inc. (NASDAQ:FRP) stock prior to December 5, 2016.

You are hereby notified that a complaint has been filed in the USDC for the Western District of North Carolina on behalf of shareholders of FairPoint Communications. The complaint concerns the fairness of the sale of FairPoint Communications to Consolidated Communications Holdings, Inc. (NASDAQ:CNSL). Consolidated Communications will acquire FairPoint in an all-stock merger transaction valued at approximately $1.5 billion. Under the terms of the transaction, FairPoint shareholders will receive a fixed exchange ratio of 0.7300 shares of Consolidated Communications common stock for each share of FairPoint common stock. To learn more about the action and your rights, go to:

http://zlk.9nl.com/FairPoint_FRP

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. 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, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

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