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Global Crossing Receives Request for Second Review in Connection with Proposed Acquisition by Level 3

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Global Crossing Limited (NASDAQ: GLBC) announced today that it and Level 3 Communications (NASDAQ: LVLT) have received from the U.S. Department of Justice a request for additional information (commonly referred to as a "second request") under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Level 3's previously-announced acquisition of Global Crossing. Global Crossing intends to respond to the second request appropriately.

Global Crossing continues to expect that the transaction will close on the previously announced schedule.

 

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