CT Communications Schedules Vote For Proposed Windstream Merger

Includes: CTCI, WIN
by: Merger Arbitrage Investing

CT Communications (CTCI) filed a Definitive Proxy statement with the SEC Friday stating that they have scheduled a special meeting to vote on the proposed merger with Windstream Corporation (NASDAQ:WIN).

Shareholders of record as of the close of business on June 28, 2007 are eligible to vote to approve the merger.

Windstream offered CT Communications shareholders $31.50 per share in an offer announced in May.

According to the filing, the merger is still subject to approvals from the Federal Communications Commission and the expiration of the Hart-Scott-Rodino waiting period.

The merger of the two telecommunications companies is expected to close in the second half of 2007.

Disclosure: none