According to reports, shareholders are expected to vote in favour of the merger on October 28.
The deal to purchase tw telecom was announced in June, in a transaction worth $7.3 billion including tw telecom’s debt. The proposed stock-and-cash purchase valued the company at $40.86 per share, based on market prices at the time.
Level 3 said that the combined value of the new enterprise would be $25 billion, with synergies between the two businesses generating potential savings of up to $2 billion.
