Verizon Agrees to Buy MCI
MCI (MCIP ) agrees to be acquired by Verizon (VZ ) for $4.8 billion in equity and $488 million in cash. The terms of the agreement give 0.4062 Verizon share and $1.50 cash per MCI share. MCI will pay its shareowners quarterly, special dividends of $4.50 per share.
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