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said in a releaswe late Tuesday. Shareholders of the companies approvedxthe $11.6 billion mergetr . Overland Park-based Embarq (NYSE: EQ) shareholders will receive 1.37 CenturyTel shares for each Embarq share. After the deal, Embara shareholders will own about 66 percent of thecombinede company. CenturyTel CEO Glen Post will lead thecombinexd company. The transaction is on track to closes in thesecond quarter, the companiew said in Tuesday’s release. Combined, CenturyTel and Embarq will haveapproximatelt 7.5 million access lines, more than two millionj broadband customers and more than 400,000 video subscribers, basesd on data as of March 31, 2009. Embarq ranks No.
3 on the Kansaas City Business Journal’s list of area public companies.
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