Happy for you. Those like you that came late to the party have made out alright. But, as emphasized in the article and the charts, long term holders here have very significant losses with this deal. those that acquired LVLT shares in the $80 - $120 range prior to the reverse 1-for-15 share split are sitting on shares with a cost basis of $1,200 to $1,800.
And, at the time, no one would have thought they should sell LVLT when it hit $132+ in 2000.
How pathetic. When the CTL acquisition of LVLT was announced, it was stated to be worth anywhere from $66.42 - $69+ per share for LVLT shareholders. As of today, with the deal fully approved by both sets of shareholders, it is only worth $58.90 per share for LVLT shareholders. The CTL share price has dropped precipitously since the deal was announced, and CTL is trading just barely above its 52-week low here today. Just more pain for long term LVLT holders.
$ LVLT. Where there will not be no misunderstanding for the New shareholders the 52 week low is $44.01 and the 52 week high is $60.13 which is only $4.00 below the 52 week high and at $56.13 on a down day its still $12.12 Above the 52 week low and as i,ve posted many times it is always breaking new 52 week highs and its been on Googles Buy out list because of the Fiber it owns.
GO > $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ LVLT
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