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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Qwest Communications International Inc

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Posted April 22, 2010

BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Qwest Communications International Inc. (“Qwest” or the “Company”) (NYSE:Q) related to the Company’s agreement to be acquired by CenturyTel, Inc. (“CenturyTel”) in a proposed stock-for-stock transaction valued at approximately $10.6 billion.

Under the terms of the definitive agreement entered into by the parties, Qwest shareholders will receive 0.1664 shares of CenturyLink for each share of Qwest common stock they own at closing. Based on the closing stock price of CenturyLink on April 21, 2010, the per-share consideration to be received by Qwest shareholders in the proposed transaction would be equivalent to $6.02 of CenturyLink stock. Upon closing of the transaction, CenturyLink shareholders are expected to own approximately 50.5 percent of the combined company and Qwest shareholders are expected to own approximately 49.5 percent. The transaction is expected to be completed in the first half of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Qwest’s board of directors.

If you own shares of Qwest, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.



CONTACT:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

KEYWORDS:   United States  North America  Colorado  Pennsylvania

INDUSTRY KEYWORDS:   Technology  Telecommunications  Professional Services  Legal

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