Mci To Consider Worldcom’s Bid
MCI broke a week of silence Friday on WorldCom’s $29.4 billion takeover offer with its board directing management to seriously explore the bid.
MCI managers will weigh WorldCom’s offer, made last week, against a long-standing agreement to be acquired by London-based British Telecommunications.
The board also said it would meet in the next week “to address further the issues raised by the (WorldCom) proposal.”
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