Eschelon schedules new date of May 25 for shareholders to vote on acquisition by Integra

By Lisa Kerner

Charlotte, N.C., April 27 - Eschelon Telecom, Inc. shareholders will vote on the proposed acquisition of the company for $30 per share by Integra Telecom Holdings, Inc. and its subsidiary ITH Acquisition Corp, on May 25, rather than on May 17 as previously announced.

Shareholders of record as of April 10 will be asked to approve the merger and an adjournment if necessary to obtain additional proxies if there are insufficient votes at the time of the special meeting to adopt the merger agreement and approve the merger.

The $30 per share price is a 17.23% premium over the closing price of Eschelon's common stock on March 19, the day prior to the announcement of the agreement.

Eschelon's board of directors unanimously recommends that shareholders vote for the adoption of the merger agreement and the adjournment of the special meeting, if necessary, according to a schedule 14A filing.

The company previously announced a meeting date of May 17 for stockholders to elect seven directors, to ratify the selection of Ernst & Young LLP as the company's independent registered public accounting firm, and transact other business.

Eschelon, located in Minneapolis, provides integrated communications services to small- and medium-sized businesses in the western United States.

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