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Tag Archives: Qwest

Takeover Beat Goes On

Wall Street is healthier than it may look on the surface. One sign is the continuing drumbeat of takeover bids. In recent weeks, we’ve had SBC Communications go after AT&T, while Verizon and Qwest have battled it out over MCI. Kirk Kerkorian, for reasons I still can’t quite fathom, last week made a tender offer for $868 million worth of General Motors shares.

Verizon Catches the Bug

Yesterday’s newswires were dancing with stories about the latest telecom merger. Verizon (NYSE: VZ), a member of our Incredible Dividend Machine, has offered to take over long-distance carrier MCI (NASDAQ: MCIP) for cash and stock valued at $6.7 billion. MCI’s board has okayed the deal.