Thursday, January 25, 2007

CTE Shareholders Approve Merger

Business Newswire:
Commonwealth Telephone Enterprises, Inc. (“CTE”), announced this afternoon that its shareholders have overwhelmingly voted in favor of the proposal to adopt the Agreement and Plan of Merger dated as of September 17, 2006, among CTE, Citizens Communications Company (“Citizens”) and CF Merger Corp., a wholly-owned subsidiary of Citizens, pursuant to which CF Merger Corp. will merge with and into CTE, with CTE surviving as a wholly-owned subsidiary of Citizens. Approximately 98% of the votes cast at the special meeting of shareholders held today were cast in favor of the transaction.