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CenturyLink Buys Level 3 Communications in $34 Billion Deal

Level 3 Communications (LVLT) shares surged in pre-market trading in New York Monday after it said CenturyLink (CTL) would acquire the telecommunications and internet service provider company in a $34 billion deal.

CenturyLink said it would buy the Broomfield, Colorado-based company in a cash and stock deal worth $26.50 a share in cash and a fixed exchange ratio of 1.4286 of CenturyLink stock for each Level 3 share.

The offer implies a $66.50 per share...


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