saturday

 

MCI Declares Qwest Bid Superior

MCI Inc. on Saturday declared a bid by Qwest Communications International Inc. superior to an offer by Verizon Communications Inc. in the ongoing battle for the No. 2 long-distance carrier. Verizon, the biggest phone company in the United States, has until Friday to respond with a better offer than its current bid for MCI, which […]

Qwest Lifts Bid for MCI

Qwest Communications International Inc. on Thursday raised its bid to acquire MCI Inc. and gave the company previously known as WorldCom until Saturday to declare its offer superior over a rival offer from Verizon Communications Inc. The bid valued at $9.7 billion in cash and stock is more than $2 billion higher than what Verizon […]

Verizon Makes Another Move for MCI

Verizon Communications Inc. has agreed to purchase 43.4 million shares of MCI Inc. common stock for $25.72 per share from eight entities affiliated with billionaire Carlos Slim Helu in the fight between Verizon and Qwest Communications International Inc. to acquire MCI. While this was an opportunity for us to purchase a block of shares under […]

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