The U.S. Department of Justice has cleared Level 3 Communications' pending acquisition of tw telecom, completing the process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976
(HSR).
http://www.level3.com
http://www.twtelecom.com
- In June, Level 3 Communications agreed to acquire tw telecom in a deal that will combine its global fiber network and international data centers with tw telecom's extensive metro footprint in major U.S. markets. The stock-and-cash transaction is valued at $40.86 per TWTC share, or $5.7 billion in aggregate, based on market close as of June 13, 2014. tw telecom stockholders will receive $10 cash and 0.7 shares of Level 3 common stock for each share of tw telecom common stock that is owned at closing.
