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Technology Stocks : (LVLT) - Level 3 Communications
LVLT 53.630.0%Nov 1 5:00 PM EST
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To: Dwayne Hines who wrote (3695)10/4/2011 8:49:39 AM
From: Glenn Petersen1 Recommendation  Read Replies (1) of 3873
 
LVLT shares to be reverse split on a one-for-fifteen basis:

5:43AM Level 3 plans to transfer the listing of its common stock to the NYSE on Oct 20; anticipates reverse stock split will be effective after the close of trading on Oct 19 ( LVLT) 1.41 : When the reverse stock split becomes effective, every 15 shares of issued and outstanding Level 3 common stock will be automatically combined into one issued and outstanding share of Level 3 common stock without any change in the par value per share. This will reduce the number of outstanding shares of Level 3 common stock (after giving effect to today's consummation of the Global Crossing transaction) from ~3.1 bln to ~207 mln and the number of authorized shares of Level 3 common stock from ~4.4 bln to 293 mln.
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