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The Law Office of Abe Shainberg 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 Thursday, August 4th 2011 at 20:21 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of PAETEC Holding Corp. (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 proposed transaction, PAETEC shareholders will receive 0.460 of a share of Windstream Corp. stock per share of PAETEC representing a value of approximately $5.62 per share and a total transaction value of approximately of $2.3 billion.

Click here to learn how to join the action: [ http://www.ashainberglaw.com/paetec-holding.html ].

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. According to Yahoo! Finance, at least one analyst set a price target for PAETEC stock at $7.00 per share.

If you own common stock in PAETEC and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/paetec-holding.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.