Shares of telecommunications companies were higher.
Dex Media Inc. is nearing a deal to buy rival YP Holdings, as local directory companies continue to consolidate. Dallas-based Dex would pay $600 million for closely held YP and give the company's owners, including private-equity firm Cerberus Capital Management, a 3% stake in the combined company.
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-By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 30, 2017 17:57 ET (21:57 GMT)