WASHINGTON, May 20, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential claims against the board of directors of D&E Communications, Inc. ("D&E" or the "Company") (Nasdaq:DECC) arising out of their acquisition by Windstream Corp ("Windstream") (NYSE:WIN). Under the terms of the merger agreement, D&E shareholders will receive 0.650 shares of Windstream common stock and $5.00 in cash per each share of D&E common stock. Windstream expects to issue approximately 9.5 million shares of Windstream common stock valued at $86 million, based on Windstream's closing stock price on May 8, 2009, and pay approximately $73 million in cash as part of the transaction.
The investigation is focused on the potential unfairness of the merger price and of the process by which the D&E Board of Directors approved the agreement.
If you are interested in discussing your rights as a D&E shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.