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Level 3 to Buy TW Telecom for About $5.6 Billion

2014-06-16 17:07:36| Telecom - Topix.net

Level 3 Communications Inc. said Monday that it has agreed to buy TW Telecom in a deal worth about $5.6 billion.

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Level 3 to buy tw telecom for USD 7.3 bln

2014-06-16 15:17:00| Telecompaper Headlines

(Telecompaper) Level 3 Communications has agreed to buy tw telecom for a combination of cash and shares, valuing the operator at USD 7.3 billion including debt. Tw shareholders will receive USD 10 cash and 0.7 shares of Level 3 common stock for each share of tw telecom they own. This values tw telecom at USD 40.86 per share, versus USD 36.34 at closing the day before the deal was announced. The takeover substantially strengthens Level 3's North American network, providing key network assets and building connections. The company expects USD 200 million in annual adjusted EBITDA savings and USD 40 million in capex savings from the takeover. In total, the net synergies are estimated at USD 2 billion, and around 70 percent of the EBITDA savings should be realised within 18 months of closing the takeover. Level 3 estimates the one-time integration costs at USD 170 million. It expects the transaction to add to free cash flow per share a year after the deal closes. Despite taking on USD 1.6 billion in debt from tw, Level 3 said the enlarged group will have lower leverage. The company has secured USD 3 billion in financing for the takeover and the support of its largest shareholder, ST Telemedia with a 23 percent stake. Pending regulatory and shareholder approval, the acquisition is expected to close in Q4. 

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Level 3 Communications to buy TW Telecom in $7.3 billion deal

2014-06-16 15:07:52| Telecom - Topix.net

Level 3 Communications Inc. and tw telecom have reached a deal, intended to qualify as a tax-free reorganization, whereby Level 3 will acquire tw telecom in a stock-and-cash transaction valued at $7.3 billion, or $40.86 per share based on market close as of June 13. Under the terms and subject to the conditions of the agreement, tw telecom ... (more)

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Electronic Joystick is Safety Integrity Level 2 certified.

2014-06-16 14:31:15| Industrial Newsroom - All News for Today

Offering SIL2 and Performance Level d capability, plug-and-play 4THEC5 SIL2 Machine Joystick incorporates contactless sensor technology and has been validated for 5 million cycles. For each control element, 2 position sensors send separate signals to 2 microcontrollers, which check consistency of information using software. Redundant architecture ensures signals on bus are fully safe as defined by applied standards. Joystick is compatible with BODAS, CANOpen, and J1939 protocols. This story is related to the following:Controls and ControllersSearch for suppliers of: Heavy Equipment Joysticks | Joystick Controls

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Emerson's Guided Wave Radar Level Transmitter Is IEC 61508 Certified For Use In Safety Instrumented Functions Up To SIL 3

2014-06-16 13:50:13| chemicalonline Home Page

Emerson Process Management’s Rosemount 5300 Guided Wave Radar (GWR) level transmitters are now certified to IEC 61508 for safety instrumented functions up to SIL 3

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