Qwest shares fell 13 cents, or 2.5 percent, to $5.24. CenturyTel, which does business as CenturyLink, is offering its stock for Qwest's, so the drop in stock price changes the value of the deal. The offer was worth $10.6 billion when it …
CenturyTel Inc., the country's fifth-largest local-phone company, said Thursday that it will buy Qwest Communications International Inc., the third-largest, in a stock swap worth $10.6 billion to gain the benefits of scale in a shrinking business.
NEW YORK (CNNMoney.com) -- In one of the largest telecommunication mergers in years, CenturyTel Inc. announced Thursday it will acquire Qwest Communications in a $10.6 billion all-stock transaction. The combined companies will …
Under the terms of the indenture, holders may elect to convert their debentures into shares of CenturyTel common stock versus redeeming them. And holders have until August the 10th to make their election. Whether holders elect …
CenturyTel, Inc. (NYSE: CTL) and Embarq Corporation (NYSE: EQ) announced that their Boards of Directors have approved a definitive agreement under which CenturyTel will acquire EMBARQ in a tax free, stock-for-stock transaction …
He told Reuters in an interview that despite buying back nearly 26 percent of the company’s outstanding stock since 2004 and relatively strong operating metrics, CenturyTel’s share price had lagged behind its peers. “We believe this change …
CenturyTel, a provider of local phone and Internet services, agreed to buy Embarq, its larger competitor and a spinoff from Sprint Nextel, for about $5.76 billion in stock, excluding debt. The deal was announced Monday morning, confirming a …
NEW YORK — CenturyTel Inc., the country's fifth-largest local-phone company, said Thursday that it will buy Qwest Communications International Inc., the third-largest, in a stock swap worth $10.6 billion to gain the benefits of scale in a …
NEW YORK (Reuters) - Rural telephone company CenturyTel Inc (CTL.N) plans to buy bigger operator Embarq Corp EQ.N for $5.8 billion in stock in an effort to cut costs and stay competitive as traditional phone lines decline. Analysts …