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CenturyTel Inc. accused Alltel Corp. executives of deceiving its shareholders, making a friendly merger between the two rural telephone providers an increasingly dim possibility. The charges, contained in a CenturyTel lawsuit, add to the acrimony created by Little Rock, Ark.-based Alltel's unwanted bid. CenturyTel's CEO vowed that the company is prepared to use its many takeover defenses to deflect a hostile acquisition.
August 23, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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