Level 3 to Buy TW Telecom for $7.3B


Level 3 Communications (LVLT) agrees to acquire TW Telecom (TWTC) in a stock and cash deal valued at ~$7.3B, including ~$1.6B of net debt ($40.86/share); trading is halted for both.

TWTC has long been considered a takeover candidate, owing to its strength in the data space.

LVLT expects the acquisition to be accretive to free cash flow/share after the first year.

Comments (1)
  • otis of moab
    , contributor
    Comments (4) | Send Message
     
    Mr. Market was a bit underwhelmed today?
    16 Jun 2014, 03:13 PM Reply Like
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