CenturyLink Moves Closing Date for $34B Level 3 Acquisition to October [telecom]

By Jane Edwards

CenturyLink (NYSE: CTL) has pushed back the projected closing date for its pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) through a cash-and-stock transaction from Sept. 30 to mid-to-late October.

The revised timeframe for the transaction's intended closure was based on the California administrative law judge's recommendation for the California Public Utilities Commission to clear the deal at its Oct. 12 meeting, CenturyLink said Tuesday.

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