Level 3 Stockholder Questions
Level 3 Stockholder Questions
Holders of Global Crossing shares (GLBC) received 16 shares of Level 3 common stock for each share of Global Crossing common stock owned as of October 3, 2011.
No. Under the Plan of Reorganization, which became effective on December 9, 2003, existing common and preferred shareholders did not receive any distributions or participate in the new capital structure. As a result, the existing common and preferred shares were cancelled on December 9, 2003 and are deemed worthless.
No. The previous common and preferred stock in the pre-bankruptcy Global Crossing have been cancelled. The new common stock was distributed to certain creditors of Global Crossing to satisfy their claims in accordance with the Plan of Reorganization. GLBC shares with CUSIP number is G3921A175 can be converted into CTL shares.