Global Crossing Files Shelf

The company may raise cash for possible acquisitions.
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Global Crossing

(GLBC)

filed with the

Securities and Exchange Commission

to sell up to $500 million in common stock, debt securities or warrants sometime in the future.

The Florham Park, N.J., telco said it expects to use proceeds from selling securities under the shelf registration for general corporate purposes including possible acquisitions.

On Friday, the stock rose 13 cents to $24.27.