CenturyTel to acquire Embarq in $11.6 billion deal

Rural telephone company CenturyTel Inc (CTL.N: Quote, Profile, Research, Stock Buzz) plans to buy Embarq Corp (EQ.N: Quote, Profile, Research, Stock Buzz) for $5.8 billion in stock in an effort to cut costs and stay competitive amid a decline in the traditional phone business.

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- Posted: 2008-10-27 09:06:13

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