Robbins Arroyo LLP: Acquisition of EarthLink Holdings Corp. (ELNK) by Windstream Holdings, Inc. (WIN) May Not Be in Shareholders' Best Interests

SAN DIEGO & ATLANTA--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of EarthLink Holdings Corp. (NASDAQGS: ELNK) by Windstream Holdings, Inc. (NASDAQGS: WIN). On November 7, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Windstream and EarthLink will combine in an all-stock merger of equals, with Windstream shareholders owning approximately 51% of the combined company and EarthLink shareholders owning approximately 49% of the combined company. Under the terms of the agreement, EarthLink shareholders will receive 0.818 shares of Windstream common stock for each share of EarthLink common stock with a value of $5.92 based on Windstream's closing price on November 4, 2016.