buy canada goose jacket cheap CenturyLink gets canada goose uk shop cloud boost with buy canada goose jacket cheap
Canada Goose sale BANGALORE/NEW canada goose store YORK (Reuters) Phone company CenturyLink Inc plans to buy Savvis Inc for Canada Goose Online $2.5 billion in cash and stock to beef up its data center business and cash in on growing demand for cloud services. Canada Goose sale
The deal comes at a time when regional phone companies like CenturyLink, which acquired rival Qwest for $10.6 billion earlier this month, need to find new ways to grow as consumers disconnect home phones in favor of Web canada goose uk outlet and buy canada goose jacket cheap mobile services.
cheap Canada Goose The Savvis buy, announced on Wednesday, would help CenturyLink boost revenue from data centers, which uk canada goose outlet are large warehouses filled with computer storage servers. These centers help companies cut costs by hosting software that consumers can access via the Internet a trend known as cloud services. cheap Canada Goose
canada goose Data center operators have seen a spurt of recent deals, including Verizon Communications $1.4 billion purchase of canadian goose jacket Terremark Worldwide. canada goose
canada goose clearance While analysts said the deal made strategic sense for Canada Goose online both companies, cheap Canada Goose some complained about the valuation. Davidson analyst Donna Jaegers, who had expected a multiple of 12, still below 14 for Terremark. canada goose clearance
But she said the canada goose acquisition would probably succeed because investors owning 23 percent of Savvis had agreed to it.
canada goose coats The deal calls for Monroe, Louisiana based CenturyLink to pay Savvis stockholders $40 per share, including $30 in cash and $10 in stock an 11 percent premium to Tuesday close. canada goose coats
buy canada goose jacket Shares of Savvis were up 9 percent at $39.26 on Nasdaq, while canada goose clearance CenturyLink fell 0.3 percent to $40.21 on the New York Stock Exchange. buy canada goose jacket
Canada Goose Outlet CenturyLink will also take on $700 million canada goose clearance sale of Savvis debt. Canada Goose Outlet
canada goose store deal is sensible and a good one, but seems to undervalue Savvis somewhat. said Benchmark Co analyst Clayton Moran, who sees $45 per share as a fairer price. canada goose store
canada goose clearance sale LOW VALUATION/GOOD STRATEGY A Canada Goose Outlet direct comparison with Terremark is not appropriate because Savvis operates a buy canada goose jacket network as well as data centers, Savvis Chief Executive Officer James Ousley told Reuters. canada goose clearance sale
Ousley said CenturyLink offered the best deal of various parties that had called canada goose coats on sale after the Canada Goose Jackets Terremark deal. While Savvis will not solicit 2018 canada goose other bids, he said, it Canada Goose sale will review any unsolicited offers.
Canada Goose online Savvis would pay an $85 million break up fee if it bows out, according to one source familiar with the situation who said the deal came together in the last two or three months. Canada Goose online
canadian goose jacket Another source said canada goose black friday sale Verizon had ramped up Terremark price because the acquisition cheap canada goose uk had desirable government contracts. canadian goose jacket
canada goose coats on sale One law firm, Brower Piven, said it had started an investigation of the deal to determine whether Savvis failed to maximize shareholder value. canada goose coats on sale
Canada Goose Jackets CenturyLink CEO Glen Post told canada goose uk black friday Reuters that Canada Goose Coats On Sale Savvis would boost canada goose coats the company $250 million annual data center revenue but did not give a target. Canada Goose Jackets
Canada Goose Parka is growing at double digit levels, Post Canada Goose Parka said. we wouldn want that to go down. Canada Goose Parka
canada goose black friday sale After the canada goose factory sale deal closes, CenturyLink will have 48 data centers in Europe and Asia as well as North America. It has 16 now. canada goose black friday sale
CenturyLink plans to merge its hosting operations with Savvis cloud businesses, with Savvis CEO Ousley in charge. Post said the deal was more about growth than savings, but uk canada goose CenturyLink does plan to save about $70 million in annual operating costs and capital expenditures as a result.
canada goose deals Barclays Capital and Bank of America Merrill Lynch were financial advisers for CenturyLink, and Wachtell, Lipton, Rosen Katz and Jones, Walker, Waechter, Poitevent, Carrere Denegre were the legal advisers. canada goose deals
Additional canadagooseuk.net reporting by Nadia Damouni in New York; Editing by Sriraj Kalluvila, Saumyadeb Chakrabarty and Lisa Von Ahn.