CenturyLink this morning announced that it 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.

Under the terms of the transaction, Savvis stockholders will receive $30 per share in cash and $10 in shares of… → Read More