Nov. 24, 2009, 9:26 AMWindstream (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. | Comment!
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