[update: 2007.01.04]This "merger" has been completed and there is no more trading in BWNG shares. BWNG's final closing price was
$15.73, while on the same day, 3 January 2007, LVLT closed at
Broomfield, CO-based Level 3 Communications is buying Austin, TX-based Broadwing Corp. for about
$1.4 billion in cash and stock. Level 3 is paying
$8.18in cash, plus
1.3411 sharesof its common stock for each share of Broadwing.
On 16 October 2006, Level 3 ( LVLT) stock closed at
$5.32and Broadwing ( BWNG) stock closed at
Zelmo Zeroman owns
255 sharesof BWNG and he needs help figuring out the state of his investment.
Note: Broadwing is in the MUSE Portfolio, which was established during late-December of 2005.
Creator: Gerald D. Thurman
Created: 17 October 2006