Wachtell, Jones Walker Rep CenturyLink In Qwest Deal
Under the terms of the stock-for-stock transaction announced Thursday, Qwest shareholders will receive 0.1664 CenturyLink shares for each share of Qwest common stock they own. Once the deal is completed, CenturyLink shareholders will own about 50.5 percent of the combined company, and Qwest shareholders will own about 49.5 percent.
CenturyLink will also assume $11.8 billion of outstanding Qwest debt,...
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