Qwest Merger With CenturyLink (Formerly CenturyTel) - Tax Cost Basis Determined
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Announced 4/22/2010:
On 4/22/2010 Qwest Communications International, Inc and CenturyLink, Inc. (symbol CTL) announced their intentions to merge. After the merger, Qwest will go out of existence. CenturyLink was previously known as CenturyTel.
This merger will require regulatory approvals. Thus, it is not yet known when the merger will be complete. It is estimated that this process may be completed in the first quarter of 2011. After the merger, CenturyLink will control a huge share of the wired telephone business. For that reason, regulatory agencies may cause delays or even stop the Qwest - CenturyLink consolidation.
Owners of Qwest shares are to receive 0.1664 CenturyLink shares for each share of Qwest common stock.
Announced 9/22/2010:
On 9/22/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that 9 states and the District of Columbia have approved the merger. This merger is still on track to be completed the first half of 2011.
Announced 10/22/2010:
On 10/22/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that two major unions, the Communication Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW), are not going to oppose the proposed merger.
Announced 11/8/2010:
On 11/8/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that Integra Telecom has resolved its concerns about the merger.
Announced 11/9/2010:
On 11/9/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that issues having to do with federal government customers have been resolved.
Announced 11/10/2010:
On 11/10/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that they have reached agreement with the Colorado Public Utilities Commission.
Announced 11/22/2010:
On 11/22/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that Cox Communications will not stand in the way of the merger.
Announced 11/29/2010:
On 11/29/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that the staffs of the Arizona Corporate Commission and the Residential Utility Consumer Office recommends approval of the merger.
Announced 12/14/2010:
On 12/14/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that the Montana Public Service Commission approved the merger. The merger is currently expected to be completed in the first half of 2011.
Announced 12/15/2010:
On 12/15/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that the Colorado Public Service Commission approved the merger. This is a significant development, since Colorado will be the largest operating state for the combined company.
Announced 12/29/2010:
On 12/29/2010 Qwest Communications International, Inc and CenturyLink, Inc. announced that a settlement agreement has been reached with the Washington Utilities and Transportation Commission and the Public Counsel Section of the Washington State Attorney General's Office in the proposed merger.
Announced 1/4/2011:
On 1/4/2011 Qwest Communications International, Inc and CenturyLink, Inc. announced that the Nebraska Public Service Commission has unanimously approved the pending merger.
Announced 1/5/2011:
On 1/5/2011 the Utah Public Service Commission has unanimously approved the pending merger.
Announced 3/3/2011:
On 3/3/2011 the Minnesota Public Utility Commission approved the pending merger.
Announced 3/15/2011:
On 3/15/2011 the Washington Utility and Transportation Commission approved the pending merger.
Announced 3/18/2011:
On 3/18/2011 the Federal Communications Commission (FCC) approved the pending merger. It is anticipated that the merger will be complete on April 1.
Announced 3/24/2011:
On 3/24/2011 the Oregon Public Utility Commission approved the pending merger. It is still anticipated that the merger will be complete on April 1.
Announced 4/1/2011:
On 4/1/2011 the Qwest - CenturyLink merger was completed today.
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BTW, Qwest is *not* spelled Quest!
If you owned AT&T before the January 1, 1984 AT&T divestiture, you might now own Qwest and, if the merger goes through, you will be a shareholder in CenturyLink. Figuring your Qwest and CenturyLink tax basis could be very time consuming. However, if you have the AT&T Divestiture Basis Tracker, this computation is done automatically.
If you need historical stock prices for Qwest (symbol Q), we recommend that you find those prices *before* the merger is completed. It is our experience that historical stock prices become hard to find soon after a security goes out of existence as Qwest will.
The AT&T tax cost basis (or stock basis) can most easily computed using the AT&T Divestiture Basis Tracker. You can order the Denver Tax Software, Inc. AT&T Divestiture Basis Tracker.
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Order & Download It Now! Special discounted price through 4/30/2022 $79. Regular Price $119. (3,011 KB Approx. 3 minute download [broadband]). Order licenses for additional machines. |
See the 4/22/2010 announcement.
See the 9/22/2010 announcement.
See the 10/22/2010 announcement.
See the 11/8/2010 announcement.
See the 11/9/2010 announcement.
See the 11/10/2010 announcement.
See the 11/22/2010 announcement.
See the 11/29/2010 announcement.
See the 12/14/2010 announcement.
See the 12/15/2010 announcement.
See the 12/29/2010 announcement.
See the 1/4/2011 announcement.
See the 3/3/2011 announcement.
See the 3/15/2011 announcement.
See the 3/18/2011 announcement.
See the 3/24/2011 announcement.
See the 4/1/2011 announcement. Merger completed.
Get more information about the AT&T Divestiture Basis Tracker.