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This Day In Market History: Global Crossing Files For Bankruptcy
Friday, January 28, 2022 - 10:53am | 276Read More...Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 2002, telecommunications company Global Crossing filed for bankruptcy. Where Was The Market? The S&P 500 traded at and the Dow Jones Industrial Average traded at....
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Oppenheimer Comments on Level 3 Communications Acquisition of Global Crossing (LVLT, GLBC)
Tuesday, April 12, 2011 - 8:51am | 135Read More...Oppenheimer is out with its report today on Level 3 Communications (NASDAQ: LVLT), commenting on LVLT's acquisition of Global Crossing (NASDAQ: GLBC). In a note to clients, Oppenheimer writes, "Level 3 announced the acquisition of Global Crossing for 16 shares of LVLT per GLBC share. In our view,...
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Morgan Stanley Comments On LVLT / GLBC Merger
Tuesday, April 12, 2011 - 7:43am | 146Read More...Morgan Stanley is commenting on the Level 3 Communications Inc. (NASDAQ: LVLT) / Global Crossing Ltd. (NASDAQ: GLBC) merger, which it says “underscores our view that consolidation makes sense for those assets with clear synergy potential.” “The transaction has appeared logical for some time given...
