UPDATE: Oppenheimer Upgrades Level 3 Communications (LVLT) to Outperform
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UBS Cuts Price Target on CenturyLink (CTL) Following 3Q and Announced Acquisition
November 1, 2016 9:12 AM EDTUBS maintained a Buy rating on CenturyLink, Inc. (NYSE: CTL), and cut the price target to $31.00 (from $36.00), following the company's 3Q and announced acquisition of LVLT for $66.50/sh. UBS estimates that this deal would finally bring CTL's top line to stability while synergies... More
CenturyLink nears deal to merge with Level 3 -sources
October 27, 2016 2:13 PM EDTBy Liana B. Baker and Greg Roumeliotis
NEW YORK (Reuters) - CenturyLink Inc (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) are in advanced talks to merge, according to people familiar with the matter, in a deal that would create an enterprise telecommunications player worth more than $50 billion, including debt.
The deal comes as... More
CenturyLink (CTL), Level 3 Communications (LVLT) in Advanced Merger Discussions - Bloomberg
October 27, 2016 1:42 PM EDTCenturyLink (NYSE: CTL), Level 3 Communications (NYSE: LVLT) in Advanced Merger Discussions - Bloomberg
... MoreCenturyLink (CTL) Pares Gains Following Merger Rumor, Up Less Than 10%
October 27, 2016 1:39 PM EDT(Updated)
CenturyLink (NYSE: CTL) pared gains following rumors the company is in advanced talks with Level 3 Communications (NYSE: LVLT). Shares had been up 18% following a related Dow Jones report, but gave up gains later in the session, trading... More
Level 3 (LVLT) options active on WSJ report of advanced merger talks with CenturyLink (CTL)
October 27, 2016 1:30 PM EDTLevel 3 Communications (NYSE: LVLT) November 29 and 30 calls are active on total call volume of 5,100 contracts (1,200 puts) after WSJ reports of advanced merger talks with CenturyLink (CTL). November call option implied volatility is at 36, December is at 35; compared to its 52-week range of 23 to 53.
... MoreCenturyLink (CTL) in Advanced Talks to Merge with Level 3 (LVLT) - DJ
October 27, 2016 1:08 PM EDT(Updated - October 27, 2016 1:13, 1:21 PM EDT)
CenturyLink (CTL) is in advanced talks to merge with Level 3 (NYSE: LVLT), according to Dow Jones sources. A deal could be announced in the coming weeks.
Terms of the deal weren't learned.
... More
