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CenturyLink Moves Closing Date for $34B Level 3 Acquisition to October

CenturyLink (NYSE: CTL) has pushed back the projected closing date for its pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) through a cash-and-stock transaction from Sept. 30 to mid-to-late October. The revised timeframe for the transaction’s intended closure was based on the California administrative law judge’s recommendation for the California Public Utilities …

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Level 3 Vet Edward Morche to Serve as CenturyLink President of Strategic Enterprise, Federal and State Gov

Edward Morche, a 16-year Level 3 Communications (NYSE: LVLT) veteran, will serve as president of strategic enterprise, federal government and state government business unit at CenturyLink (NYSE: CTL) once the Monroe, Louisiana-based telecommunications firm completes its pending $34 billion acquisition of Level 3. Erich Sanchack continues to lead the federal government group. Morche will …

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Global Crossing Purchased by Level 3 in Deal Valued at $3 Billion

Level 3 Communications (NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) reached an agreement that will see  Level 3 acquire Global Crossing in a tax-free, stock-for-stock transaction. This transaction will create a company with pro forma combined 2010 revenues of $6.26 billion. According to the firms, Global Crossing shareholders will …

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