TW Telecom (TWTC), Level 3 (LVLT) Surge on Keith Meister Comment at Ira Sohn

May 8, 2013 1:13 PM EDT
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TW Telecom Inc. (NASDAQ: TWTC) and Level 3 Communications, Inc. (NYSE: LVLT) move higher following comments from Corvex's Keith Meister at Ira Sohn.

Meister owns both and believes Level 3 will acquire TW Telecom. He said he owns 6% of TW Telecom and plans to file a 13D shortly. He owns 3% of Level 3.

He has a target price of $34 per share for Level 3. TW Telecom has upside to $38 per share, he said.

Shares of LVLT are up 5% and TWTC is up up 3.9%.

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