Wall St Journal: Monroe, LA based CenturyLink in Merger Talks

CenturyLink in Advanced Talks to Merge With Level 3 Communications

By Dana Mattioli and Dana Cimilluca

CenturyLink Inc. is in advanced talks to merge with Level 3 Communications Inc., a deal that would give the business-telecommunications companies greater heft in a brutally competitive industry.

A deal could be announced in the coming weeks, according to people familiar with the matter. As always, there is a possibility the talks could fall apart.

Terms of the deal couldn’t be learned. As of Thursday afternoon before the Journal’s report of the talks, Level 3, based in Broomfield, Colo., had a market value of $16.8 billion. CenturyLink, based in Monroe, La., was worth $15.2 billion.

Shares in Level 3 were up 11% at $52.28, while CenturyLink shares were up 8.3% at $30.58 on Thursday afternoon after the Journal’s report.

Advertisements

One Response to “Wall St Journal: Monroe, LA based CenturyLink in Merger Talks”

  1. Bill Limond Says:

    When will Century Link leave for Denver?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: