Windstream (WIN) To Acquire D&E Communications (DECC) For $330M
More News related to DECC
- D&E Communications, Inc. Announces Approval by the Pennsylvania Public Utility Commission of Its Merger With Windstream Corporation
- Unusual 11 Mid-Day Movers 5/11: DECC, CNB, TSFG, CTIC Higher; FACE, CPSL, SWSI, AXL Lower
- Windstream (WIN) To Acquire D&E Communications (DECC) For $330M
- D&E Communications (DECC) Reports Q4 Adj-EPS of $0.24
- D&E Communications (DECC) Approves Buyback Plan of 500k Shares
More News related to WIN
- Notable Mergers and Acquisitions of the Day 11/24: WIN/IWA, GMCR/DDRX, PLA
- Morning Movers 11/24: IWA, SEED, FEED, AEZS Higher; WH, ORS, ABIO, GRO, LONG Lower
- Windstream (WIN) to Acquire Iowa Telecom (IWA) for 0.804/Shares Plus $7.90 in Cash; Deal Valued at $1.1B
- Iowa Telecom to Be Acquired by Windstream Corporation
- Windstream to Acquire Iowa Telecommunications Services, Inc.
More News related to Mergers and Acquisitions
- Windstream (WIN) to Acquire Iowa Telecom (IWA) for 0.804/Shares Plus $7.90 in Cash; Deal Valued at $1.1B
- Interactive Data Corp. (IDC) to Acquire Dow Jones OFS Data and Tools Assets
- Green Mountain (GMCR) Confirms $32/Share Bid for Diedrich Coffee (DDRX)
- Rockwell Collins (COL) To Acquire Air Routing Group for Undisclosed Amount
- DDi Corp (DDIC) to Acquire Coretec in $23.5M Transaction
D&E Communications, Inc. (Nasdaq: DECC) entered into a definitive merger agreement to be acquired by Windstream Corporation (NYSE: WIN) in a transaction valued at approximately $330 million.
Under the terms of the agreement, each share of common stock, par value $0.16 per share, of D&E, issued and outstanding immediately prior to the effective time of the merger, will be converted into and become exchangeable for (i) 0.650 shares of common stock of Windstream and (ii) $5.00 in cash. Based on the closing price of Windstream stock on May 8, 2009 of $9.05, the consideration to be received by D&E shareholders is valued at $10.88 per share. This represents a premium of approximately 61% over D&E's closing share price on May 8, 2009.
Shares of DECC closed at $6.75 on Friday.
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.00
-0.16Sign 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!
