News & Knowledge
Troutman Sanders Advises Windstream Holdings on $227.5 Million Merger
ATLANTA – April 17, 2017 – Troutman Sanders is advising Windstream Holdings Inc., (NASDAQ:WIN) on a merger agreement to acquire Broadview Networks Holdings, Inc. in an all-cash transaction valued at $227.5 million.
Windstream is a leading provider of advanced network communications and technology solutions for consumers, businesses, enterprise organizations and wholesale customers nation-wide.
Broadview provides cloud-based unified communications solutions to small and medium-sized businesses. The company offers a broad suite of cloud-based services under the OfficeSuite UC™ brand.
The boards of both companies unanimously approved the transaction. Broadview shareholders holding a majority of the company's shares also approved the transaction by written consent.
The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions, including receipt of necessary federal and state regulatory approvals.
The Troutman Sanders team assisting Windstream includes Corporate partners David Carter, Mason Bayler, and Coby Beck; Corporate of counsel Heather Ducat; Employee Benefits partner Jeff Banish; Finance partner Hazen Dempster; Tax partner Robert Friedman; Corporate of counsel Brandon Woods, and Corporate/Intellectual Property of Counsel Karl Zielaznicki
Detailed information on the deal can be found here.
About Troutman Sanders
Troutman Sanders LLP is an international law firm with more than 650 lawyers in 16 offices located throughout North America and Asia. Founded in 1897, the firm’s lawyers provide counsel and advice in practically every aspect of civil and commercial law related to the firm’s core practice areas: Corporate, Energy and Industry Regulation, Finance, Litigation and Real Estate. Firm clients range from multinational corporations to individual entrepreneurs, federal and state agencies to foreign governments, and non-profit organizations to businesses representing virtually every sector and industry. See troutmansanders.com for more information.