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.


Endo Pharmaceuticals ( ENDP) was rising 7.7% to $44 in premarket trading Monday after agreeing to acquire American Medical Systems ( AMMD) 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 Reuters, 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.


Drug company Biogen ( BIIB) was popping 6.4% to $78 after saying that its trial multiple sclerosis treatment has achieved positive results in the first of two crucial late-stage experiments.


Iron ore pellet and coal producer Cliffs Natural Resources ( CLF) 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 ArcelorMittal USA.


Aluminum producer Alcoa ( AA) , after the closing bell Monday, is expected by analysts to post a profit of 27 cents a share for the three months ended in March on revenue of $6.1 billion. Alcoa was rising 0.9% to $18.08 in premarket trading.


Exchange operator NYSE Euronext ( NYX) was falling 0.4% to $38.56 after saying Sunday that its board had rejected the $11.3 billion hostile takeover bid from Nasdaq OMX ( NDAQ) and IntercontinentalExchange ( ICE).


>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:

>> Futures Rise as U.S. Avoids Shutdown
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

American Medical Systems Reaches New 52-Week High (AMMD)

American Medical Systems Reaches New 52-Week High (AMMD)

American Medical Systems Reaches New 52-Week High (AMMD)

American Medical Systems Reaches New 52-Week High (AMMD)

American Medical Systems Stock Hits New 52-Week High (AMMD)

American Medical Systems Stock Hits New 52-Week High (AMMD)

American Medical Systems Reaches New 52-Week High (AMMD)

American Medical Systems Reaches New 52-Week High (AMMD)

Frito Lay's New Flavors, ETF Trends,

Frito Lay's New Flavors, ETF Trends, "The New Financial Deal"