MCI SAYS QWEST NEW BID 'SUPERIOR' TO
4/23/2005 12:50:57 PM
SAN FRANCISCO (MarketWatch) -- MCI Inc. said Saturday that its board has determined that Qwest Communications International's latest acquisition offer is superior to the terms it has already agreed to with Verizon Communications. MCI said Verizon has until April 29 to submit a revised proposal. During this period, MCI's board will continue to recommend its agreement with Verizon.
Qwest on Thursday raised its takeover offer for MCI to $9.7 billion, or $30 a share.