Level 3 to Acquire Looking Glass Networks for $96M
A Reuters newswire article, via eWeek, reports that:
Telecommunications infrastructure company Level 3 Communications Inc. said on Monday it agreed to buy Looking Glass Networks Inc., a privately held provider of metropolitan fiber optic networks, for $96 million in stock and cash.More here.
Level 3 will pay $87 million in unregistered shares of its common stock and $9 million in cash. At closing, it will pay liabilities—primarily senior secured debt—of about $69 million.
posted by Fergie @ 6/05/2006 10:18:00 AM
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