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Level 3 Communications (LVLT) stock is lower in after-hours trading after law firm Levi & Korsinsky announced it's investigating the company's pending merger with TW Telecom (TWTC).
TW Telecom (TWTC) stock is soaring in pre-market trading after Jefferies (JEF) raised its price target to $45 from $32.
Shares of Level 3 Communications (LVLT) are now down on very heavy trading volume after the integrated communications services firm earlier said it will buy Internet services provider TW Telecom (TWTC) for over $5.6 billion.
TheStreet's Jim Cramer explains why he likes Level 3 Communications (LVLT) even more after the Time Warner Telecom (TWTC) deal.