Tech Company M&A Transactions
Nuvox Acquisition
Nuvox was purchased by Windstream. The deal was announced on 11/3/2009. The transaction price was $643 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/3/2009
Transaction Type
M&A
Amount
$643,000,000
M&A Terms
Windstream expects to issue approximately 18.7 million fixed shares of stock valued at $183 million, based on Windstream's closing stock price on Nov. 2, 2009, and pay approximately $280 million in cash as part of the transaction. Windstream also will assume estimated net debt of approximately $180 million. Windstream intends to finance the acquisition with existing cash and current capacity on its revolving credit agreement.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
Two North Main Street
Greenville, SC 29601
USA
Greenville, SC 29601
USA
Phone
Website
Email Address
Overview
Nuvox is a privately held broadband ICP serving business customers in Florida, Georgia, South Carolina, North Carolina, Tennessee, Alabama, Kentucky, Mississippi, and Louisiana. The company offers a comprehensive selection of data, Internet, voice, and other advanced communications solutions, including the recently launched Suite T, a bundled product for medium and large customers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Akerhielm
Chief Financial Officer
David Solomon
Chief Operating Officer
Charles Norris
Executive Vice President
Matt Blocha
Executive Vice President
Paul Pitts
President
Michael Gallagher
VP - Human Resources
Deborah Spearman
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