Wednesday, August 3, 2011

Level 3 and Global Crossing Stockholders Approve Merger

Shareholders in both Level 3 and Global Crossing have voted to approve Level 3's proposed acquisition of Global Crossing. The companies expected the deal to close before the end of the year.

  • In April 2011, Level 3 Communications will acquire Global Crossing in a stock-for-stock transaction valued at approximately $3.0 billion.