Qwest/CenturyTel Merger
On April 22, CenturyTel Inc. (NYSE: CTL) announced the acquisition of Qwest Communications International Inc. (NYSE: Q) in a stock swap worth $10.6 billion.
The combined company would service 18 million phone lines in 37 states, but will still lag far behind industry leaders AT&T Inc. (NYSE: T) and Verizon Communication Inc. (NYSE: VZ).
Shareholders of Qwest would receive 0.1664 CenturyTel shares for each share that they own. Qwest stockholders would own 49.5 percent of the combined company, with CenturyTel stockholders controlling the rest.
The deal is expected to close in the first half of 2011, and the boards of both companies will have to approve the tax-free acquisition. The deal would save an estimated $625 million over the three to five years following the close.
-
Qwest Corporation Agrees To Sell Debt Securities
-
Fitch Rates Qwest Corporation's Proposed Senior Unsecured Notes Offering 'BBB-'
-
CenturyLink Reports First Quarter 2013 Earnings
-
Calix (CALX) Won CenturyLink (CTL) Business - Jefferies
-
Fitch Rates CenturyLink's Senior Unsecured Notes Offering 'BB+'; Outlook Stable
-
CenturyLink (CTL) Subsidiary, Qwest, To Sell Debt Securities
-
Nomura Securities Maintains a 'Buy' on CenturyLink, Inc. (CTL); Analyst Day Preview
-
Nomura Securities Maintains a 'Buy' on CenturyLink (CTL); Solid Q1; Raising Estimates on Conservative Outlook
-
CenturyLink''s (CTL) Qwest Prices $500M Senior Debt Offering
-
CenturyLink's (CTL) Qwest to Extend Maturity, Reduces Rate of Debt Following Offering, Tender Effort
-
Needham & Company Starts Synacor (SYNC) at Buy
-
Nomura Securities Maintains a 'Buy' on CenturyLink (CTL); Cutting 2012 Estimates Post Q4
-
Needham & Company Downgrades ADTRAN (ADTN) to Hold; Solid 4Q11 Results Relative to Expectations But Numerous Potential Headwinds Remain
-
Nomura Securities Maintains a 'Buy' on CenturyLink (CTL); Still Attractively Valued
-
CenturyLink's (CTL) Qwest Sells $950M of Senior Notes
-
Nomura Securities Maintains a 'Buy' on CenturyLink (CTL); Updates Estimates
-
DA Davidson Upgrades CenturyLink, Inc. (CTL) to Neutral, High Dividend Yield Offers Comfort
-
Gabelli Upgrades CenturyLink, Inc. (CTL) to Buy; Valuation Call
-
CenturyLink (CTL) Announces Plan to Invest at Least $20 Million in Broadband Communications in New Mexico
-
CenturyLink (CTL) Announces $575 Million Note Offering by Qwest Corporation
-
George Soros' Hedge Fund Slashes Stake In Gold ETF (GLD), Raises Stake in Citi (C) and AT&T (T)
-
Sprint (S) May Be 'Forced' to Sell Pending AT&T/T-Mobile Deal; Who'll Buy?
-
Nomura Securities Maintains a 'Buy' on CenturyLink (CTL); Review of 1Q Earnings
-
CenturyLink, Inc. (CTL) Tops Q1 EPS by 6c; Guides FY11 EPS, Revs; Adds 46K Net Internet Subs
-
Nomura Securities Maintains a 'Buy' on CenturyLink, Inc. (CTL); Proposed Acquisition of Savvis
-
Citadel Securities Starts CenturyLink, Inc. (CTL) at Add; Synergy Raise Widely Expected, But Likely Still a Catalyst
-
CenturyLink (CTL), Qwest Complete Merger
-
CenturyLink (CTL), Qwest (Q) Clear Final Hurdle in Proposed Merger
-
S&P Announces Changes: HII for DYN in MidCap 400, EW for Q in S&P 500, COO for EW in MidCap 400, KOP for COO in SmallCap 600
-
CenturyLink (CTL), Qwest (Q) Merger Gets FCC Approval - Bloomberg
-
FBR Capital Maintains a 'Market Perform' on Qwest (Q); 4Q10 Review: Results Largely In-line with Expectations; Trends Continue to Improve Ahead of Merger
-
Trading Radar for 02/15: Dell (DELL), Sirius XM (SIRI), Capella Edu. (CPLA), Tesla Motors (TSLA) Cray (CRAY) Report
-
CenturyLink (CTL), Qwest (Q) Receive Nebraska PSC Approval for Pending Merger
-
CenturyLink (CTL), Qwest (Q) Reach Agreement with Washington UTC and Public Counsel Over Proposed Merger
-
UPDATE: Nomura Initiating Coverage on Qwest Communications (Q)
-
Nomura Securities Starts CenturyLink, Inc. (CTL) at Buy, Sees 13% Upside
-
Nomura Starts Q, T, CTL at Buy, S, VZ, FTR at Neutral
-
CenturyLink (CTL) Announces Regional Structure Following Qwest (Q) Merger
-
Ticonderoga Maintains a 'Neutral' on Evercore Partners (EVR); Dynegy Breakdown Highlights "Key Deal" Risk for EVR
-
CenturyLink (CTL), Qwest (Q) Reach Agreement with Cox Comm Regarding Pending Merger
-
Q3 Preview: Dividend Favorite Frontier (FTR) Could See Boost from Completed Verizon Acquisition (VZ, CTL, WIN, Q)
-
Gabelli Downgrades CenturyLink (CTL) to Hold; Valuation Call
-
Trading Radar for 11/03: Time Warner (TWX), MGM Resorts (MGM), News Corp. (NWSA), Transocean (RIG) Report
-
Barclays Maintains an 'Overweight' on Adtran; More of the Same = Good Things for ADTN
-
CenturyLink (CTL) and Qwest (Q) Receive Merger Approval in Several States and D.C.; Antitrust Granted by FTc and U.S. DoJ
-
Goldman Sachs Upgraded CenturyLink (CTL) and Qwest (Q) to Buy
-
Fontier Communications (FTR) Provides Investors with a Solid 'Triple Play' - Barron's
-
CenturyTel (CTL) and Qwest (Q) Shareholders Approve Merger Agreement
