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Windstream Corp. said Dec. 1 that it has completed the acquisition of PAETEC Holding Corp. in a deal valued at approximately $2.3 billion.
PAETEC shareholders received 0.460 share of Windstream stock for each PAETEC share owned at closing. Windstream issued shares and assumed equity awards representing approximately 73.4 million shares of Windstream stock valued at approximately $863 million, based...