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Windstream closes $227.5M Broadview acquisition

Published 07/28/2017, 12:34 PM
© Reuters.  Windstream closes $227.5M Broadview acquisition
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  • Windstream Holdings (WIN +1.7%) has closed on its $227.5M acquisition of Broadview Networks.
  • It also said Broadview's chief operating officer, Brian Crotty, would be president of its mid-market and small business division, a $1B-plus unit.
  • The companies came to the all-cash deal in April.
  • Windstream expects to see $30M in annual operating synergies within two years, and expects the deal to be accretive to free cash flow in year one (along with improving the balance sheet).
  • Now read: Top 10 Russell 2000 See Dividend Dog Net Gains Ahead Per Broker June Targets


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