Windstream Holdings Inc. (Nasdaq: WIN) will spin off its telecommunications network assets into an independent, publicly traded real estate investment trust sending the stock price up $1.43 to $11.96. Shares of rival Frontier Communications Corp. (Nasdaq: FTR) climbed 79 cents to $6.73 after Windstream's announcement.
Windstream to spin-off assets
July 29, 2014 at 13:32 PM EDT