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What: Shares of broadband services provider PAETEC
So what: There's no mystery involved in PAETEC's gains today; the stock is spiking on news that fellow communications services provider Windstream
Now what: For speculators, there's still a small gain to be made by grabbing the spread between PAETEC's current price and the takeout price. For current PAETEC investors, the math boils down to deciding whether to take the money and run or jump on board with the company's likely new parent, Windstream. Finally, Windstream shareholders will want to consider what the purchase means to them. Management waxed bullish on the transaction, but I get a little nervous when a company makes a big acquisition with stock.
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Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool’s disclosure policy prefers dividends over a sharp stick in the eye.