Can you hear me now, Qwest? Thanks, but no thanks.
The board of directors at MCI has once again rejected Qwest Communications' takeover bid, but the drama may not be over as Qwest plans to take its fight to shareholders.
Late Tuesday night, MCI announced it was rejecting Qwest's offer of $8.9 billion for Verizon's $7.5 billion bid. But Qwest isn't giving up just yet. The company looks to be preparing for a proxy fight with Verizon.
"We are confident that our offer is superior, and statements of support from many MCI shareowners indicate … Read more