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Level 3 Communications (LVLT) Announces DoJ Clears Acquisition of Global Crossing (GLBC)

September 29, 2011 4:24 PM EDT
LVLT Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Revenue Growth %: +71.2%
Level 3 Communications, Inc. (NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) today announced that the U.S. Department of Justice has cleared Level 3's previously announced acquisition of Global Crossing. The clearance completes the process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), and is effective immediately.


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