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XETA Technologies (XETA) Completes Merger with PAETEC Holding Corp.

May 31, 2011 4:00 PM EDT
XETA Technologies, Inc. (Nasdaq: XETA) announced today that it has completed its merger with PAETEC Holding Corp. through one of PAETEC's subsidiaries.

As a result of the merger, XETA is now a wholly owned, indirect subsidiary of PAETEC.

Each share of XETA common stock outstanding immediately prior to the merger was converted into the right to receive $5.50 in cash.


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