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Re: Jerry70 post# 3897

Monday, 10/31/2016 11:45:40 AM

Monday, October 31, 2016 11:45:40 AM

Post# of 3930
The acquisition by CTL is stated to be worth $66.50 per share for LVLT holders, but Dow Jones and others valued it at $69.92 based on Friday's closing prices. However, CTL shares are down hard today, but several commentators and analysts indicate this deal is great for CTL holders, as LVLT's huge free cash flow will lower the dividend payout ratio for the surviving company and help guarantee a healthy dividend going forward. The CTL dividend currently sits at $2.16 or 7%+ at CTL's current share price. CTL has indicated that it intends to keep the dividend at that rate following closure of the deal with LVLT.