NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are 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 deal, PAETEC shareholders will receive 0.460 of a share of Windstream Corp. stock per share of PAETEC stock representing a value of approximately $5.62 per share and a total transaction value of approximately $2.3 billion.
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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. According to Thomson/First Call, at least one analyst set a price target of PAETEC stock at $7.00 per share.
If you own common stock in PAETEC and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/paetec-holding-corp.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.