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Breaking: Level 3 (LVLT) to pay $3B for Global Crossing (GLBC) in an all-stock purchase. The...

Breaking: Level 3 (LVLT) to pay $3B for Global Crossing (GLBC) in an all-stock purchase. The $23.04/share deal is a ~56% premium to Global Crossing's Friday close. (PR)
Comments (1)
  • Snapcap
    , contributor
    Comments (145) | Send Message
     
    Both companies have negative per share earnings, debt exceed assets and decreasing revenues. The merger of two losers. Where is the value here???
    11 Apr 2011, 09:11 AM Reply Like
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