Windstream Buying NuVox for $643 Million
Windstream Corp. (WIN.N) has agreed to buy NuVox Inc., a Greenville, S.C.-based CLEC. The deal is valued at $643 million, including $280 million in cash, $183 million in stock and the assumption of $180 million in debt. NuVox had raised nearly $500 million in venture capital funding. Current shareholders include M/C Venture Partners, KKR, Columbia Capital and Wachovia Capital Partners.
4 November 2009•3 mins read
