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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.
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Cash flow will rise once EarthLink (ELNK) teams up with Windstream (WIN) , 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.