Embarq Corp (NYSE: EQ) received a $5.8 billion all-stock offer from rural telephone company CenturyTel Inc. (NYSE: CTL). Shares of Embarq climbed $1.86 to $31.60 while CenturyTel stock plunged $3.15 to $26.35.
CenturyTel Offers $5.8 Billion For Embarq
October 27, 2008 at 15:01 PM EDT
