MCI investors urge new Qwest bid
Holy mother... will it ever end? This is, like, "The M&A Saga That Wouldn't Die."
A Bloomberg News Service article on the International Herald Tribune reports that:
Qwest Communications International is being urged by some of MCI's largest shareholders to revive its $9.75 billion takeover offer for MCI.
Fairholme Capital Management and Elliott Associates said Qwest's chief executive, Richard Notebaert, should revive the pursuit. Qwest abandoned its campaign this week after MCI for the third time endorsed a lower bid from Verizon Communications, the largest U.S. telephone company.
posted by Fergie @ 5/05/2005 08:58:00 AM
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