1. CenturyLink Has a "Friendly" Activist: What It Means for Shareholders

    CenturyLink Has a "Friendly" Activist: What It Means for Shareholders

    Suffering shareholders of the telecoms company CenturyLink ( NYSE:CTL ) got a boost on May 8 when activist investor Keith Meister revealed a 5.5% stake in the company, calling the shares undervalued by at least 40% and offering some "friendly" advice on management succession as the company merges with Level 3 Communications ( NYSE:LVLT ) . As both I and fellow Fool Steve Symington have written before, CenturyLink's merger with Level 3 is a smart idea...

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