Paetec Holding (PAET Quote) agreed to acquire privately held fiber-network operator McLeodUSA for $492 million in stock.
Additionally, Paetec will assume $65 million of debt. McLeodUSA currently owns and manages one of the largest high-capacity fiber networks in the nation, spanning 20 states in the Midwest, Southwest, Northwest and Rocky Mountains, Paetec said. Paetec was up 3 cents at $12.16 early Monday.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.91 | 1,110.02 | 2,192.42 | 33.69 |
Oil *
78.30
|
|
UP
0.23
|
UP
0.78
|
UP
7.39
|
UP
0.46
|
10 Yr
3.37%
SPDR Gold
118.65
|
|
+0.00%
|
+0.07%
|
+0.34%
|
+1.38%
|
Data delayed 20 minutes |
