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2011 XO Opposes Level 3 Acquisition of Global Crossing 2004 XO acquires Allegiance Telecom (Allegiance had acquired Intermedia Communications in 2001 from WCOM)
- 2004: Allegiance / Qwest Merger proceeding, terminated on notice that Allegiance had been acquired by XO
- XO Press Release, XO Communications Completes Acquisition of Allegiance Telecom, June 23, 2004 (" XO Communications, Inc. today announced that it has completed its acquisition of the Allegiance Telecom assets ... The purchase price for the acquisition was $322.0 million of cash, including $11 million of adjustments for working capital, and approximately 45.4 million shares of XO common stock.")
- In the Matter of Domestic and International Section 214 Applications Filed for Acquisition of Assets of Allegiance Telecom by Qwest Communications International Inc.
, WC Docket No. 04-13, IB No. ITC-ASG-20040112-00012 (Mar. 2, 2004) ("On February 12, 2004, Allegiance commenced an auction for the sale of its assets and announced on February 13, 2004, that XO Communications Inc. (XO) had submitted the highest bid in the auction.3 On February 19, 2004, the U.S. Bankruptcy Court for the Southern District of New York confirmed XO as the winning bidder.4 Consequently, on February 20, 2004, Applicants filed a letter with the Commission’s Secretary stating their intent to terminate the Allegiance/Qwest transaction and requested that the Commission dismiss the application without prejudice")
- [US Bankruptcy Court 2004] (XO offered the highest price, a combination of approximately $311.2 million in cash and 45,380,000 shares of XO common stock; second, notwithstanding that as a regulatory matter XO could not acquire the business until receipt of certain FCC and state PUC approvals, which might take months,2 XO agreed that, after the occurrence of other relatively easily satisfied conditions, (a) XO would deliver the purchase price into escrow, (b) XO would start to manage the business under an Operating Agreement3 with Allegiance, and, most importantly, (c) XO’s obligation to close the sale would become unconditional.)
XO To Tender Global Crossing Debt Offer, ABC 6/16/03
XO CEO To Depart, Internet News 1/2/03 XO Communications reveals SEC probe, CNET 8/16/02 XO Files For Bankruptcy Protection, Internet News 6/17/02 Struggling XO Communications KO'd, CNET 6/17/02 A ONE-ON-ONE WITH XO COMMUNICATIONS, Americas 3/6/02 DAILY BRIEFING -- A New Chapter in the McCaw Saga: 112/25/02 XO Announces Rescue Plan, Wash Tech 11/30/01 Nextlink becomes XO 9/25/00
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