|MPH merges with Telephone Service Company|
|Written by Staff Reports|
|Wednesday, January 09, 2013 1:46 PM|
Middle Point Home Telephone Company (“MPH”) announced Tuesday that it has entered into a merger agreement with Wapakoneta-based Telephone Service Company (“TSC”). TSC will acquire MPH, and MPH shareholders will be paid cash for their shares. The agreement is subject to customary terms and conditions and is expected to be finalized in the first quarter of 2013.
TSC is owned by Hanson Communications Inc, which is a family-owned communications company with operations in Minnesota, Nebraska, Ohio and South Dakota. MPH will be the second acquisition in Ohio by Hanson Communications since acquiring TSC in June of 2007.
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