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Bull & Lifshitz, LLP Announces Investigation of PAETEC Holding Corp.

  //science-technology.news-articles.net/content/2 .. ounces-investigation-of-paetec-holding-corp.html
  Published in Science and Technology on Tuesday, August 2nd 2011 at 20:01 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of PAETEC Holding Corp. (NASDAQ: PAET) (referred to as "PAETEC" or the aCompanya) to Windstream Corp. (aWindstreama) in a stock transaction valued at approximately $2.3 billion.

Under the terms of the agreement, PAETEC shareholders will receive 0.460 shares of Windstream common stock for each PAETEC share owned. Windstream expects to issue approximately 73 million shares of stock valued at approximately $891 million, based on Windstream's closing stock price on July 29, 2011. PAETEC shareholders are expected to own approximately 13 percent of the combined company upon closing of the transaction.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Companya™s shareholders.

If you are a holder of PAETEC common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of PAETEC and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [ counsel@nyclasslaw.com ]. All e-mail correspondence should make reference to PAETEC.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41^st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.