CenturyLink

CEO: Glen Post

Dec. 30, 2016: $23.78

June 30, 2017: $23.88

Change: +0.42%

CenturyLink is in the process of acquiring Level 3 Communications for about $34 billion in cash and stock in a deal unveiled Oct. 31, 2016. The companies hope to complete that acquisition by the end of the third quarter.

On June 1 CenturyLink announced a CEO succession plan under which Level 3 President and CEO Jeff Storey will join CenturyLink as president and chief operating officer once the acquisition is completed. Glen Post will remain CEO until Jan. 1, 2019, when Storey will take over as CEO and Post becomes executive chairman.

In May CenturyLink completed the sale of its data centers and co-location business to Cyxtera Technologies, a newly formed secure infrastructure company owned by a consortium of equity fund companies. CenturyLink received $1.86 billion in the sale and plans to apply the proceeds to the Level 3 acquisition cost.