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

|
About: CenturyLink, Inc. (CTL), LVLT
by: David Klein
This article is exclusive for subscribers.
David Klein
Value, growth at reasonable price, dividend investing, equity research
Summary

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