CenturyLink to Acquire Savvis for $40 Per Share in Cash and Stock Transaction

Creates a Premier Managed Hosting and Colocation Provider with Global Scale
Adds Global Next-Generation Capabilities and New Markets to CenturyLink's Network Footprint

CenturyLink, Inc. (NYSE: CTL) and Savvis, Inc. (Nasdaq: SVVS) today announced that their boards of directors have approved a definitive agreement under which CenturyLink will acquire all outstanding shares of Savvis common stock in a cash and stock merger valued at $40 per share, or a total of approximately $2.5 billion, plus net debt of approximately $0.7 billion which will be assumed or refinanced at close.

To continue reading the article, click here.