Deals
Windstream Agrees to Buy Q-Comm in $782 Million Deal
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Windstream Corp., the local phone company that’s made four acquisitions in the past year, agreed to buy Q-Comm Corp. in a $782 million deal to add high-speed fiber-optic services for government and business customers.
Windstream will issue about 20.6 million shares, valued at $237 million at the end of U.S. trading today, and pay about $278 million in cash, the Little Rock, Arkansas-based company said in a statement today. The company will also take on approximately $267 million in debt.