CenturyLink to Buy Level 3; Deal Valued at About $34b With Debt
Source: BFW (Bloomberg First Word)
Tickers
CTL US (CenturyLink Inc)
LVLT US (Level 3 Communications Inc)
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UUID: 7947283
(Bloomberg) -- Under terms of deal, Level 3 shareholders will receive $26.50/share in cash and fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own
Alert: HALISTER- Implies purchase price of $66.50/LVLT share, premium of ~42% based on LVLT’s unaffected closing share price of $46.92 on Oct. 26, last trading day prior to market speculation about a potential transaction
Source: BFW (Bloomberg First Word)
Tickers
CTL US (CenturyLink Inc)
LVLT US (Level 3 Communications Inc)
To de-activate this alert, click here
UUID: 7947283