Justice Department approves Level 3 acquisition
BROOMFIELD – Broomfield-based Level 3 Communications Inc. (NYSE: LVLT) said Monday the U.S. Department of Justice has cleared Level 3’s pending acquisition of Littleton-based tw telecom (NASDAQ: TWTC).
The clearance completes the process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, Level 3 said.
Level 3 in June struck a deal to buy tw telecom for $5.7 billion in cash and stock. Including $1.6 billion in assumed debt, the companies valued the deal at $7.3 billion.
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Level 3 serves customers in more than 500 markets in over 60 countries. Level 3 shares rose less than one percent to close at $45.91.
Level 3 employs about 10,200 people globally, including about 2,400 in Broomfield. Tw telecom employs about 3,400 people, including 1,300 in Colorado.
BROOMFIELD – Broomfield-based Level 3 Communications Inc. (NYSE: LVLT) said Monday the U.S. Department of Justice has cleared Level 3’s pending acquisition of Littleton-based tw telecom (NASDAQ: TWTC).
The clearance completes the process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, Level 3 said.
Level 3 in June struck a deal to buy tw telecom for $5.7 billion in cash and stock. Including $1.6 billion in assumed debt, the companies valued the deal at $7.3 billion.
Level 3 serves customers in more than 500 markets in over 60 countries. Level 3 shares rose less than one percent to close at $45.91.
Level 3 employs…
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