Jefferies Downgrades Level 3 Communications (LVLT) to Hold; Doesn't See Alternative Bidder
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Cowen Downgrades Level 3 Communications (LVLT) to Market Perform
October 31, 2016 3:50 PM EDTCowen downgraded Level 3 Communications (NYSE: LVLT) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Level 3 Communications click here. For more ratings news on Level 3 Communications click here.
Shares of Level 3 Communications closed at $54.05 yesterday.
... MoreBTIG Downgrades Level 3 Communications (LVLT) to Neutral
October 31, 2016 2:51 PM EDTBTIG downgraded Level 3 Communications (NYSE: LVLT) from Buy to Neutral. Analyst Walter Piecyk said he doesn't expect at competing bid.
"We downgrade Level 3 to Neutral as we do not expect a competing bid to top CenturyLinks lofty take-out price, which valued Level 3 at... More
CenturyLink (CTL) to Acquire Level 3 Communications (LVLT) for $34B
October 31, 2016 6:30 AM EDTCenturyLink (NYSE: CTL) and Level 3 Communications, Inc. (NYSE: LVLT) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own, which implies a purchase price of $66.50 per Level 3 share (based on a CenturyLink $28.00 per share... More
