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 results – LVLT 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…