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Windstream closes merger with EarthLink; shares up 5.2%

Feb. 27, 2017 10:26 AM ETWindstream Holdings, Inc. (WINMQ) StockBy: Jason Aycock, SA News Editor
  • Windstream Holdings (WIN) is up 5.2% after noting it's wrapped up its merger with EarthLink (ELNK), following Friday's shareholder approvals.
  • The newly combined Windstream will be headquartered in Little Rock, Ark.
  • The company has also boosted its earlier expectations for synergies, saying it now sees more than $150M in annual operating and capex synergies within 36 months.
  • Three of EarthLink's directors have been added to Windstream's board effective March 1, bringing the board's total to 12 directors.
  • Windstream will hold a conference call to discuss the deal and Q4 results at 8:30 a.m. ET on Wednesday.

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