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Global Crossing |
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Global Crossing A telecommunications company that filed for bankruptcy during the Enron scandal of the early 2000s. It had previously inflated its profits by recording as revenue its conduit swaps, a transaction in which telecommunications companies exchange carriers with each other without trading money. In 2005, it was found to have violated several accounting laws and was forced to settle with the SEC. See also: Sarbanes-Oxley Act. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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On October 25, 2006, Impsat entered into an Agreement and Plan of Merger with Global Crossing Limited and GC Crystal Acquisition, Inc. OB), a Delaware corporation, announced today that, at a special meeting held on January 17, 2007, Impsat's stockholders holding in excess of 70% of Impsat's outstanding common stock voted to adopt Impsat's merger agreement with Global Crossing Limited ("Global Crossing") (NASDAQ: OB), a Delaware corporation, announced today that it has established a record date and a meeting date for a special meeting of its stockholders to consider and vote to adopt the Agreement and Plan of Merger, dated as of October 25, 2006, by and among Impsat, Global Crossing Limited, a Bermuda corporation ("Global Crossing") (NASDAQ: |
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