AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Level 3 to scoop up Genuity.
Byline: Chris Nolter
Level 3 Communications Inc. ended weeks of speculation just before the holiday weekend by announcing that it will acquire nearly all of Genuity Inc.'s assets for up to $242 million in cash and assume significant operating agreements.
Woburn, Mass.-based Genuity filed for Chapter 11 protection in the Southern District of New York in conjunction with the deal and said that all but one of its banks and major customers, including former parent Verizon Communications, support the transaction.
Level 3's payment and all of the cash on Genuity's balance sheet will be distributed among the company's creditors. Closing is expected in the …
-
- Cash-Rich Level 3 Dials Genuity To Survive Telecom Shakeout; A Low-Margin...
-
Magazine article from: Investor's Business Daily
January 22, 2003
700+ words
-
- Cash-Rich Level 3 Dials Genuity To Survive Telecom Shakeout A Low-Margin...
-
Magazine article from: Investor's Business Daily
January 22, 2003
700+ words
-
- Genuity wins approval for reorg plan.
-
Newspaper article from: The Daily Deal
November 24, 2003
700+ words
-
- Genuity sold for less cash.
-
Newspaper article from: The Daily Deal
February 5, 2003
700+ words
-
- Genuity sponsorship in question.(South Florida Sun-Sentinel)
-
News wire article from: Knight Ridder/Tribune News Service
Mell, Randall
October 6, 2001
700+ words
