Will A Level 3 Communications And A CenturyLink Combination Provide Value?

About: CenturyLink, Inc. (CTL), LVLT
by: David Klein
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David Klein
Value, growth at reasonable price, dividend investing, equity research

CTL to benefit from LVLT NOL’s.

FCF payout and leverage required for a secure dividend.

CTL and LVLT trading at a discount to fair value in two of three scenarios.

CenturyLink (NYSE:CTL) and Level 3 Communications, Inc. (NASDAQ:LVLT) announced merger agreement where CenturyLink will acquire Level 3 in a cash and stock transaction. Under terms of the agreement, Level 3 shareholders