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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs