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FORC (Video Included), MCHP, LVLT, GLBC - Stock-PR.com Stock Report! April 11th 2011

Apr. 11, 2011 6:48 PM ETGLBC, LVLT, MCHP
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Level 3 Communications, Inc. (NASDAQ:LVLT) and Global Crossing Limited (NASDAQ:GLBC) reported that they have entered into a definitive agreement under which Level 3 will acquire Global Crossing in a tax-free, stock-for-stock transaction.

The combined company will operate a unique global services platform anchored by fiber optic networks on three continents, connected by extensive undersea facilities. The combined network will serve a worldwide customer set with owned network in more than 50 countries and connections to more than 70 countries.

This transaction will create a company with pro forma combined 2010 revenues of $6.26 billion and pro forma combined 2010 Adjusted EBITDA of $1.27 billion before synergies and $1.57 billion after expected synergies.

More great stock news updates are available at: http://stock-pr.com/?p=16753

Watch the great FORC video at: http://www.crwenewswire.com/?p=99997

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