Published: August 01, 2011
The Law Offices of Vincent Wong Announce an Investigation of PAETEC Holding Corp.
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.
To get more information and join the action, click here: http://www.wongesq.com/paetec-holding-corp.html.
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 vw@wongesq.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.
The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-584-2740
Fax.
866-367-6510
vw@wongesq.com
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