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Friday March 18, 10:44
Qwest raises new MCI bid to $8.45 billion
(by Tash Koon)

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Qwest raises new MCI bid to $8.45 billion Qwest has enlarged the cash part of the bid in its MCI offer on more than a half-billion. And again MCI faces a dilemma: Verizon’s stability or Qwest’s cash.

The desicion-making process is supposed to last until March 28, reported the MCI officials yesterday.

It turned out to be really hard for the MCI shareholders to estimate properly both proposals and eventually vote on one.

"This [new Qwest offer] will nudge a few more over into the Qwest camp," said Robert Saunders, director of research at the Eastern Management Group.

Verizon offers $6.75 billion. Qwest’s previous offer gave MCI shareowners $9.10 a share in cash and $15.50 in stock, for a total of $8 billion. Since Wednesday Qwest’s offer totals $8.45 billion, or $10.50 in cash and $15.50 in stock for every MCI share.
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Read the related news and articles:
16 May 2005 10:59 AM MCI CEO Capellas tries to win support for Verizon’s takeover bid
03 May 2005 05:07 AM Verizon wins MCI battle
26 Apr 2005 08:52 AM Qwest can start tasting victory over Verizon in fight for MCI
25 Apr 2005 09:58 AM Qwest to close the happy end in fight for MCI
22 Apr 2005 07:52 AM Qwest raises its bid for MCI
 


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