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Monday, September 17, 2007
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Paetec Buys Chapter 22 McLeod

Paetec Holding Corp., has agreed to purchase twice-bankrupt McLeodUSA Inc. for $492 million in stock and the assumption of $65 million in debt. The deal gives Paetec, which specializes in voice and broadband for the mid- and large business markets, a long-sought fiber network with which to expand and better...
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