Faruqi & Faruqi, LLP Announces Investigation of SureWest Communications

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 8, 2012 --

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SureWest Communications (“SureWest” or the “Company”) (NASDAQ: SURW - News) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Consolidated Communications Holdings, Inc. (“Consolidated”) (NASDAQ: CNSL - News) in a deal valued at about $340.9 million. Under the terms of the proposed transaction, SureWest shareholders may elect to exchange each share of SureWest common stock they own for either $23.00 in cash or shares of Consolidated common stock having an equivalent value based on average trading prices for the 20-day period ending two days before the closing of the acquisition, subject to a collar. Overall elections are subject to proration such that 50 percent of the SureWest shares will be exchanged for cash and 50 percent for stock.

Request more information now by clicking here: www.faruqilaw.com/SURW

Whether SureWest’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues SureWest’s shares and by how much this proposed transaction undervalues the Company to the detriment of SureWest’s shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in SureWest and wish to obtain additional information, please visit us at www.faruqilaw.com/SURW or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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SOURCE: Faruqi & Faruqi, LLP