Level 3 merger close date gets pushed back
BROOMFIELD — The $34 billion acquisition of Level 3 Communications (Nasdaq: LVLT) by CenturyLink (NYSE: CTL) was expected to be closed by the end of September, but the companies are now revising the time frame.
The deal is expected now to close mid-October, following a proposed approval from the California Public Utilities Commission and an administrative law judge.
“We view the slight delay in our projected closing date as manageable, and it does not affect our integration planning process. Both teams are ready to begin the integration process as soon as closing occurs,” said CenturyLink chief Glen Post III, in a prepared statement.
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BROOMFIELD — The $34 billion acquisition of Level 3 Communications (Nasdaq: LVLT) by CenturyLink (NYSE: CTL) was expected to be closed by the end of September, but the companies are now revising the time frame.
The deal is expected now to close mid-October, following a proposed approval from the California Public Utilities Commission and an administrative law judge.
“We view the slight delay in our projected closing date as manageable, and it does not affect our integration planning process. Both teams are ready to begin the integration process as soon as closing occurs,” said CenturyLink…
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