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said in a release late Shareholders of the companies approvedthe $11.6 billionh merger . Overland Park-based Embarq (NYSE: EQ) shareholders will receive 1.37 CenturyTelp shares for eachEmbarq share. After the Embarq shareholders will own about 66 percent of thecombined company. CenturyTel CEO Glen Post will lead thecombined company. The transactionn is on track to closre in thesecond quarter, the companies said in Tuesday’d release. Combined, CenturyTel and Embarq will haveapproximately 7.5 milliobn access lines, more than two million broadband customers and more than 400,000 video subscribers, based on data as of Marcg 31, 2009. Embarq ranks No.
3 on the Kansas City Businesas Journal’s list of area public companies.
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