CenturyLink Buys Savvis In $2.5B Deal
CenturyLink could be the third biggest telecommunications company while in the Usa, providing a range of broadband, voice and wireless services to shoppers and businesses across the entire region.
And this morning, CenturyLink announced that it will acquire all exceptional shares of Savvis frequent stock in a cash and stock merger valued at $40 per share, or perhaps a complete of approximately $2.5 billion, as well as web credit card debt of approximately $0.7 billion which will be assumed or refinanced at close. Savvis offers cloud infrastructure and hosted IT options for enterprises.
Under the terms in the transaction, Savvis stockholders will receive $30 per share in cash and $10 in shares of CenturyLink frequent stock. The consideration represents an 11 % premium about Savvis’ closing stock cost as in the close of buying and selling on April 26, 2011.
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