Verizon Communications Inc. said yesterday it agreed to pay $1.1 billion in cash to purchase the shares of MCI Inc.'s largest shareholder in an attempt to lock up its deal to buy MCI and shut out ...
In what could be the final move in the buyout drama that is entering its third month, Verizon and MCI announced Monday that they had reached a new agreement worth $8.45 billion. The board of MCI ...
NEW YORK — MCI said yesterday it won’t amend a “poison pill” provision limiting the ability of investors to accumulate more than 15 percent of its stock, a statement that followed Verizon’s surprise ...
NEW YORK -- Verizon Communications Inc. completed its $8.5 billion purchase of MCI Inc. on Friday, giving the big local phone company a national fiber-optic network and business-services unit with ...
Carlos Slim, Latin America’s richest person, holds 13.7 percent of MCI’s shares. In a filing with U.S. Securities and Exchange Commission, Slim and his family said they may communicate with the ...
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