Divining the Future of a Combined Level 3 and Global Crossing


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 second quarter results on July 27, 2011 (GLBC resultsLVLT results). 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 and guidance to identify trends.

Year over year revenue trailing twelve month revenue growth was 3.8% while the quarter was 5.5% over the same period last year.
Click here for the full article at SA…

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