Windstream (WIN) Posts Q3 GAAP Loss of 72c/Share
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Jefferies Remains Sidelined on EarthLink Holdings (ELNK) Ahead of WIN Merger
November 8, 2016 9:26 AM UTCJefferies 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 UTCUBS 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
Windstream (WIN), EarthLink (ELNK) Enter $1.1B Merger Agreement
November 7, 2016 7:01 AM UTCWindstream Holdings, Inc. (Nasdaq: WIN) and EarthLink Holdings Corp. (Nasdaq: ELNK) announced that their boards of directors have unanimously approved a definitive merger agreement under which Windstream and EarthLink will merge in an all-stock transaction valued at approximately $1.1 billion, including debt.
Under the terms of the agreement, EarthLink shareholders will receive 0.818 shares of Windstream common stock for each EarthLink share owned. This ratio represents a 13 percent premium to the average exchange ratio of 0.721x over the month ended Nov. 3, 2016, the most recent unaffected trading day. Windstream expects to issue... More
Windstream (WIN), EarthLink (ELNK) trading halted with news pending
November 7, 2016 7:00 AM UTCEarthLink Holdings (NASDAQ: ELNK), Windstream (NASDAQ: WIN) trading halted with news pending.
... More
