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Jim Cramer: EarthLink/Windstream Deal Boosts Cash for Both

Cash flow will rise and costs will be cut once EarthLink teams up with Windstream, says TheStreet's Jim Cramer.

Cash flow will rise once EarthLink (ELNK) teams up with Windstream (WIN) - Get Windstream Holdings, Inc. Report , said TheStreet's Jim Cramer. Windstream is purchasing rival EarthLink for about $673 million in stock as internet service providers try to bulk up and cut costs with revenue under pressure. Revenue at EarthLink fell 13% in the third quarter. The combined company will keep the Windstream name and be based at its headquarters in Little Rock, Ark. EarthLink shareholders will receive 0.818 of a share for each EarthLink share they own. Windstream will issue about 93 million shares for the deal.

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