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said in a release late Shareholders of the companiex approvedthe $11.6 billion merger . Overlan d Park-based Embarq (NYSE: EQ) shareholders will receive 1.37 CenturyTel shares for each Embarqq share. After the deal, Embar shareholders will own about 66 percent of thecombines company. CenturyTel CEO Glen Post will lead thecombinec company. The transaction is on track to close in theseconf quarter, the companies said in Tuesday’a release. Combined, CenturyTel and Embarqq will haveapproximately 7.5 million access lines, more than two millionj broadband customers and more than 400,00 video subscribers, based on data as of March 31, 2009. Embaraq ranks No.
3 on the Kansaa City Business Journal’s list of area public companies.
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