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Last month, TMCnet reported that Windstream (News - Alert) Corporation, a preferred master agent carrier of TBI, revealed that it will be buying PAETEC (News - Alert) Holding Corporation for $891 million in stock, which is a 27 percent increase over PAETEC’s closing price. Windstream has also agreed to incur $1.4 billion worth of debt, bringing the total cost of the deal to around $2.3 billion.

However next month, shareholders of PAETEC Holding Corp. will finally get to voice their opinions of the acquisition, through voting that will be used to determine whether or not it actually plays out according to plan.

A recent article revealed that the vote is scheduled to take place on October 27, according to a filing completed by Windstream that was disclosed last week. Thus far, state public service commissions and the FCC (News - Alert) have kept mum on what they think about the deal.

At this time, multiple other uncertainties still remain as well. First, Windstream has yet to announce if they will comply with PAETEC’s plans to build a new state- of-the-art facility or how many people’s jobs will be put on the chopping block due to the Windtream-PAETEC merger.

Speaking at his first public appearance since the Windstream purchase was announced Aug. 1, PAETEC CEO Arunas Chesonis (News - Alert) told a Rochester trade group that his transition team is currently in the process of determining which local PAETEC employees’ jobs will be spared and where they will be located, the article stated.

Chesonis went on to speak on the fact that PAETEC is letting down local Rochester residents by selling the company commenting, "You know, we in Rochester should want to be let down like this, like, 50 times a year," Chesonis said, according to WXXI. "We want to have so many new companies starting up, so many entrepreneurs, so many new innovations that every year we're selling another billion dollar company that started from nothing 10 years earlier."

The transaction should be completed sometime by the end of the year.