Battle For MCI: Shareholders like Q Offer


Most MCI shareholders are for the first time thrilled with Qwest’s latest offer. Q is now offering $27.50 a share, or about $8.9 billion for MCI, which in my opinion is $8.9 billion minus cash too much. Nevertheless that’s neither here or there, but still…. Carlos Slim, the single largest MCI shareholder told The Wall Street Journal (through a representative of course) that he likes this current offer more than the VZ offer, though he hopes the bidding will continue. Others like Leon Cooperman, head of Omega Advisors nodded his approval as well. Till recently, most were feeling that VZ offer was good enough, but now have shifted loyalties again. What do you expect from punters? They clearly want to be paid the most for their bets.

Comments are closed.