UPDATE 3-Level 3 to buy tw telecom to expand US fiber network – Reuters

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Reuters
… * Deal for $40.86/share in cash and stock. * Tax-free deal for about $5.64 billion. * Offer comprise $10 in cash, 0.7 Level 3 share. * Companies expect to close deal in fourth quarter (Adds details from conference call; updates shares). By Supantha Mukherjee …
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