Science & Technology
Wed, August 10, 2011Tue, August 9, 2011Mon, August 8, 2011Sun, August 7, 2011Sat, August 6, 2011Fri, August 5, 2011Thu, August 4, 2011Wed, August 3, 2011Tue, August 2, 2011Mon, August 1, 2011Sun, July 31, 2011Fri, July 29, 2011Thu, July 28, 2011Wed, July 27, 2011Tue, July 26, 2011Mon, July 25, 2011Sun, July 24, 2011Fri, July 22, 2011Thu, July 21, 2011Wed, July 20, 2011The Law Firm of Levi & Korsinsky, LLP Announces Investigation of PAETEC Holding Corp.
Published in Science and Technology on Monday, August 1st 2011 at 9:24 GMT by Market Wire
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of PAETEC Holding Corp. (aPAETECa or the aCompanya) (NASDAQ: PAET) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Windstream Corp. (NASDAQ: WIN). Under the terms of the transaction, PAETEC shareholders will receive 0.460 of a share of Windstream Corp. stock for each share of PAETEC stock they own, representing a value of approximately $5.62 per PAETEC share. The transaction has a total approximate value of $2.3 billion.
Click here to learn how to join the action: [ http://www.zlk.com/paetec-holding-paet ], or call: 877-363-5972.
The investigation concerns whether the PAETEC Board of Directors breached their fiduciary duties to PAETEC stockholders by failing to adequately shop the Company before entering into this transaction and whether Windstream Corp. is underpaying for PAETEC shares, thus unlawfully harming PAETEC stockholders. In particular, at least one analyst set a price target of $7.00 per share of PAETEC stock.
If you own common stock in PAETEC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or [ http://www.zlk.com ].
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
