Swamped By Incoming CallsBy
Bells are ringing at WorldCom (WCOM), formerly LDDS Communications, the nation's fourth-largest long-distance carrier, which is apparently buyout-bound. Takeover speculation started when billionaire John Kluge, WorldCom's chairman and largest stakeholder, announced on Aug. 14 he was selling his 16% stake. And Kluge's 30.8 million shares got snapped up quickly. The shares, held by Kluge through his Metromedia Co., went for 301/4. The stock closed at the same price on Aug. 22.
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