CenturyLink Shareholders Revolt After Deal to Acquire $LVLT Announced

Look at the pinless hand grenade action in CTL on news that they’re buy long term piece of shit, LVLT.

CenturyLink of offering $26.50 in cash, the rest stock — valuing LVLT at $66.5. The deal is worth $34b including debt and is utterly ridiculous for CTL shareholders.

CenturyLink operates more than 55 data centers in North America, Europe, and Asia and provides broadband, voice, video, data and managed services over a 250,000 mile fiber network in the United States and a 300,000 mile international network.

The deal comes at a time when business clients of both companies seek more bandwidth and faster networks to move data to run their businesses. The combined company will get 76 percent of its revenue from business customers, according to a statement from the companies.

“Together with Level 3, we will have one of the most robust fiber network and high-speed data services companies in the world,” CenturyLink Chief Executive Glen Post said in a statement.

It’s an end of an era for LVLT. I’ve traded this piece of shit stock numerous times in my career, dating all the way back to the dot com days. I will not miss it.