Brower Piven Announces an Investigation of the Acquisition of Qwest Communications International, Inc. by CenturyTel, Inc.

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Thu Apr 22, 2010 4:18pm EDT

STEVENSON, Md.--(Business Wire)--
The law firm of Brower Piven, A Professional Corporation, has commenced an
investigation into possible breaches of fiduciary duty and other violations of
state law by the Board of Directors of Qwest Communications, Inc. ("Qwest"
and/or the "Company") (NYSE: Q) in connection with their attempt to sell the
Company to CenturyTel, Inc. ("CenturyTel"). 

The investigation concerns whether the Qwest Board of Directors breached their
fiduciary duties to Qwest stockholders by failing to adequately shop the Company
before entering into this transaction and whether CenturyTel is underpaying for
Qwest shares, thus unlawfully harming Qwest stockholders. Under the terms of the
offer, Qwest shareholders will receive 0.1664 CenturyTel shares valued at
approximately $6.02, based on the prior closing price of $36.20 for CenturyTel
stock, for a total transaction value of approximately $10.6 billion. The average
closing price for CenturyTel stock over the prior year was approximately $33.09
per share. 

If you purchased and continue to own shares of Qwest Communications
International, Inc. and would like to learn more about the investigation being
conducted by Brower Piven, you may e-mail or call Brower Piven, who will,
without obligation or cost to you, attempt to answer your questions. You may
contact Brower Piven by email at hoffman@browerpiven.com, by calling
410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley
Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined
experience litigating securities and other class action cases of over 40 years.

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com

Copyright Business Wire 2010

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