Level 3 Acquires TW Telecom for Approx. $5.7B
Level 3 Communications said it plans to acquire TW Telecom for $5.7 billion in cash and stock.
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![Level 3 CEO Jeff Storey says the acquisition will allow the company to expand its market share Level 3 CEO Jeff Storey says the acquisition will allow the company to expand its market share](https://eu-images.contentstack.com/v3/assets/blt10e444bce2d36aa8/blt99879834743b4363/652669c72d8d610d4e92e607/level3_0.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
Level 3 CEO Jeff Storey says the acquisition will allow the company to expand its market share.
It looks like Level 3 Communications (LVLT) will be acquiring TW Telecom (TWTC) for $5.7 billion in cash and stock.
The fiber and infrastructure solutions provider on Monday said the acquisition will leverage the strengths of both companies to “create a stronger, more nimble, customer service-oriented competitor to meet customers’ increasingly complex local, national and global communications.”
As part of the deal, TW Telecom stockholders will receive $10 cash and 0.7 shares of Level 3 common stock for each share of TW Telecom common stock that is owned at closing, the company said.