Level 3 to acquire Global Crossing for $2 billion

Level 3 Communications says it will acquire Global Crossing Ltd. in an all-stock transaction valued at about $2 billion. The telecommunications companies announced Monday that Global Crossing shareholders will receive 16 shares of Level 3 common stock in exchange for each share of Global Crossing common or preferred stock. Level 3 will also assume $1.1 [...]

April 11, 2011Comments OffRead More