Qwest Sweetens Bid to Buy Mci ; Verizon Says Competitor Is Financially Unsound
The Columbian › March 18, 2005
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Summary
NEW YORK Qwest Communications International Inc. on Thursday offered $8.45 billion to acquire MCI Inc., adding nearly a half- billion dollars to its bid to break up the long-distance phone company's planned merger with Verizon Communications Inc.
The sweetened offer, worth about $1.8 billion more than the current value of MCI's agreement with Verizon, was presented to MCI's board on Wednesday in a meeting that stretched into the night.See the full content of this document
Extract
Qwest Sweetens Bid to Buy Mci ; Verizon Says Competitor Is Financially Unsound
MCI, which changed its name from WorldCom a year ago, said Thursday its board will respond to Qwest's new offer by close of business on March 28.
MCI shares fell 29 cents to $...See the full content of this document
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