Level 3 Communications (LVLT) entered into a definitive agreement under which it will acquire Global Crossing (GLBC) in a tax-free, stock-for-stock transaction on April 11, 2011. Global Crossing shareholders will receive 16 shares of Level 3 common stock for each share of Global Crossing common stock or preferred stock that is owned at closing. For more detail see this article.
Level 3 and Global Crossing released their first quarter results on May 3, 2011. It’s important to look at the combined numbers going forward since LVLT and GLBC will be one company by year end. We’ll look at the pro-forma numbers, along with past results to detect any trends, followed by our opinion. ……… Continue reading at SA