NEW YORK (TheStreet) -- Fiber networking company Level 3 Communications (LVLT) was rising 10.4% to $1.59 after saying it will acquire data networker Global Crossing( GLBC) in a deal worth about $3 billion. Global Crossing was surging 53.7% to $22.75.
was rising 7.7% to $44 in premarket trading Monday after
for $30 a share, or $2.9 billion in cash, in a bid to gain scale in devices and health care services and diversify sales and profits. American Medical Systems was surging 32.6% to $29.60.
Warner Music Group
( WMG) was popping 7.5% to $8.01 as
, citing a source close to the situation, reported that the music content company's board is expected to review second-round bids for the company at a meeting.
was popping 6.4% to $78 after saying that its trial multiple sclerosis treatment has
in the first of two crucial late-stage experiments.
Iron ore pellet and coal producer
Cliffs Natural Resources
was rising 2% to $100.68 after saying it will receive a cash payment of about $250 million to $270 million after reaching an agreement over price reopener entitlements for 2009 and 2010 and pellet nominations for 2010 and 2011 with steel producer
for the three months ended in March on revenue of $6.1 billion. Alcoa was rising 0.9% to $18.08 in premarket trading.
was falling 0.4% to $38.56 after saying Sunday that
-- Written by Andrea Tse in New York.
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.