Could the third time be a charm for Verizon?
MCI has once again accepted Verizon??s offer to buy the troubled long distance carrier. On Monday, Verizon said it would increase its bid for MCI to at least $26 a share, bringing the total price tag to $8.4 billion. Even though this price is still lower than Qwest??s latest offer, MCI??s board has once again agreed to go with Verizon??s offer. Qwest??s most recent offer is valued at round $9.74 billion.
This is the third time the board has accepted Verizon??s offer to … Read more