The MCI Qwest Continues…
from the try,-try-again dept
As expected, despite MCI taking Verizon’s lower bid and saying it was a better deal, Qwest is trying again. They have officially made a new bid for MCI — at about the same price as their final bid, but with guarantees in place that the price won’t drop if Qwest’s stock drops. Qwest also spent the last week or so currying favor all over Wall Street, meaning that it’s going to be somewhat difficult for MCI to resist this offer — without eventually facing quite a shareholder lawsuit. Of course, you can kind of see MCI’s point. Qwest is struggling (a lot). Verizon is in pretty good shape. Which one would you rather be a part of, if you still wanted to be around a few years from now?
