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Broadband

Windstream to acquire D&E Communications

Monday 11 May 2009 | 18:58 CET | News
US fixed network operator Windstream has entered into a definitive agreement to acquire regional fixed network operator D&E Communications in a transaction valued at approximately USD 330 million. D&E Communications shareholders will receive 0.650 shares of Windstream stock and USD 5 in cash per each D&E share under terms of the agreement approved by the board of directors of both companies. Windstream expects to issue approximately 9.5 million shares of stock valued at USD 86 million, based on the company's closing stock price on 8 May, and pay approximately USD 73 million in cash as part of

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Categories: Fixed
Companies: Windstream
Countries: United States
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