Level 3 Completes Tw Telecom Acquisition
Level 3 Communications completed its acquisition of tw telecom, said the acquirer in a news release Friday. The companies had argued through the regulatory approval process that the deal would make the combined company more competitive, a position with which…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the FCC agreed in granting approval last week (see 1410270047). Level 3 President Jeff Storey said "the combination of tw telecom's rich metro footprint with Level 3's global network, positions the company to provide local-to-global business solutions and deliver a world-class customer experience." The release said tw telecom stockholders are receiving $10 of cash and 0.7 shares of Level 3 common stock for each share of tw telecom common stock owned.