Market Currents

• Tuesday, November 24, 2009

• 09:26 AM Windstream (WIN +1.3%) to acquire Iowa Telecommunications Services (IWA +25.7%) for $1.1B in cash and stock. IWA shareholders will receive about $16/share, vs. yesterday's close of $12.69. "These are well-run, profitable properties in very rural service areas that expand our presence in the Upper Midwest and grow our free cash flow per share," Windstream CEO Jeff Gardner says. 1 Comment