Summary:

Qwest is not backing down, and has decided to up the ante in its desperate bid to takeover MCI. New price – $8.9 billion or roughly $0.90 a share more than its previous offer of $25.60 a share. The new offer is $13.50 a share in […]

Qwest is not backing down, and has decided to up the ante in its desperate bid to takeover MCI. New price – $8.9 billion or roughly $0.90 a share more than its previous offer of $25.60 a share. The new offer is $13.50 a share in cash and $14 in stock. Looks like there is going to be a pretty nasty long drawn out proxy fight over MCI.

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