Cases
Level 3 Communications, Inc. (NYSE: LVLT)
Securities Class Action
Overview
Overview
- Date:
- 1/23/2017
- Company Name:
- Level 3 Communications, Inc.
- Stock Symbol:
- LVLT
- Company Name - Buyer:
- CenturyLink
- Class Period:
- FROM 1/17/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 10/31/2016
NEW YORK, January 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of all persons or entities who held Level 3 Communications, Inc. (NYSE: LVLT) securities on January 17, 2017 (the “Class Period”).
On October 31, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which CenturyLink will acquire Level 3 Communications, Inc. in a deal worth $34 billion. As a result of the merger, Level 3 shareholders are only anticipated to receive $26.50 in cash and a fixed ratio of 1.4286 shares of CenturyLink for each share of Level 3 common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Level 3 Corporation securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On October 31, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which CenturyLink will acquire Level 3 Communications, Inc. in a deal worth $34 billion. As a result of the merger, Level 3 shareholders are only anticipated to receive $26.50 in cash and a fixed ratio of 1.4286 shares of CenturyLink for each share of Level 3 common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Level 3 Corporation securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.