PAETEC (PAET) To Acquire McLeodUSA For $557M
More News related to PAET
- PAETEC Holding Corp. Closes $350 Million Senior Secured Notes Offering
- Bank of America Initiates Coverage on PAETEC Holding (PAET) with a Buy
- PAETEC Announces Sale of Trader Voice Service to Speakerbus
- PAETEC Holding Corp. Prices $350 Million of 8.875% Senior Secured Notes due 2017
- PAETEC Holding Corp. (PAET) Commences $350M Offering of Senior Secured Notes
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.
Related Categories
Mergers and AcquisitionsStocks Mentioned
-0.10Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
