Consolidated Communications (Nasdaq: CNSL) has agreed to acquire SureWest Communications(Nasdaq: SURW) for around $340.9 million. The $23 per share deal represents a 47% premium to SureWest’s closing stock price last Friday. www.consolidated.com
Author Solutions, a portfolio company of Bertram Capital, has sold online personal photobook publishing service Inkubook to Snap MyLife Inc. for an undisclosed amount.
High Road Capital Partners has sold Milwaukee Gear Co., a maker of custom precision gears and drives, to Regal Beloit Corp. (NYSE: RBC) for $80 million. www.highroadcap.com
Kenexa (Nasdaq: KNXA) has agreed to acquire OutStart, a Boston–based provider of SaaS e-learning solutions and services. No financial terms were disclosed. OutStart has raised nearly $30 million in VC funding from firms like General Catalyst Partners, GrandBanks Capital, Sigma Partners, Solstice Capital, TL Ventures, Commons Capital Management and BU Technology Development Fund. www.outstart.com
Lion Capital is in talks to sell the Nordic operations of portfolio company Findus, a British frozen foods provider, according to the FT. www.lioncapital.com
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