Lawsuit for Investors who held Shares of Level 3 Communications, Inc. [telecom]

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Lawsuit for Investors who held Shares of Level 3 Communications,
Inc. Announced by Shareholders Foundation

On October 31, 2016, CenturyLink (CTL) and Level 3 Communications,
Inc. (NYSE: LVLT) announced that their Boards of Directors have
unanimously approved a merger agreement under which CenturyLink will
acquire Level 3 Communications, Inc. (NYSE: LVLT) 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 reference price).

http://www.digitaljournal.com/pr/3794933

--  
Bill Horne
(Remove QRM from my email address to write to me directly)

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