Exclusive: EarthLink, a 90s Internet star, in talks to merge with Windstream - sources
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Jefferies Remains Sidelined on EarthLink Holdings (ELNK) Ahead of WIN Merger
November 8, 2016 9:26 AM ESTJefferies maintained a Hold rating on EarthLink Holdings (NASDAQ: ELNK), and cut the price target to $4.90 (from $6.50), ahead of WIN merger. In conjunction with earnings, Earthlink announced a definitive merger agreement to be acquired for $1.1bn by Windstream in an all-stock deal.
Analyst... More
UBS Raises Price Target on Windstream (WIN) to $6.50
November 8, 2016 9:04 AM ESTUBS reiterated a Sell rating on Windstream (NASDAQ: WIN), and raised the price target to $6.50 (from $5.00), ahead of deal with ELNK. UBS estimates new WIN can generate ~$6.2B in revenues and $2.1B in EBITDA in 2017, falling LSD.
Analyst Batya Levi commented, "The agreed ELNK... More
EarthLink Holdings (ELNK) and Windstream (WIN) Halted, News Pending
November 7, 2016 7:00 AM ESTEarthLink Holdings (Nasdaq: ELNK) and Windstream (Nasdaq: WIN) Halted, News Pending
... MoreEarthLink Holdings (ELNK) Gains on Reports Windstream (WIN) in Talks to Acquire the Company
November 4, 2016 9:25 AM EDTEarthLink Holdings (NASDAQ: ELNK) is gaining 8.9% in early trading Friday following reports from Reuters the company is in talks to be acquired by Windstream Holdings (NYSE WIN) in an all-stock deal.
A deal could be announced as early as next week, according to the people familiar with the matter.
... More