PAETEC (PAET) To Acquire McLeodUSA For $557M
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PAETEC Holding Corp. (NASDAQ: PAET) signed a definitive agreement to acquire McLeodUSA Incorporated, a privately held company, in an all-stock merger for $557 million. The merger price consists of $492 million in PAETEC common stock and $65 million in net debt assumption.
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