The Register® — Biting the hand that feeds IT

Qwest to sweeten sweetened offer - WSJ

One lump or two?

Qwest could be willing to tweak its already sweetened-offer for MCI, according to today's Wall Street Journal.

News that Qwest could be prepared to revise its offer comes just a couple of days after the giant US telco rejigged its $8bn (£4.23bn) offer for the company formerly known as WorldCom.

That offer, announced on Friday, stopped short of increasing its $8bn bid but did include additional assurances including guaranteeing the value of stock in the cash and paper deal.

At the time, Qwest chairman and chief exec Richard Notebaert called on the MCI board to reconsider the offer which, he said, was "even more compelling for your stockholders".

Now the WSJ reports that Qwest would be prepared to negotiate a deal if MCI signalled that it was prepared to hold talks.

Two weeks ago MCI accepted a $6.7bn (£3.55bn) offer in shares and cash from Verizon. ®

Related stories

Qwest sweetens MCI offer
MCI faces shareholder fury
Qwest to bid again for MCI
Qwest goes public with $8bn MCI bid
Verizon's MCI takeover faces shareholder revolt
Verizon and MCI to tie the knot

Free Download - The Reg Guide to Extended Validation

Don’t Miss

email symbolStill sending naked email? Get your protection here

Security How-to Buckle your seatbelt, encrypt your bits

Google's Satan phoneT-Mobile G1 Google Android-based smartphone

Review Operating System 1, Hardware 0

Ubuntu teaser Ubuntu 8.10 - All Hail new Network Manager

Review The good kind of UI theft

OpenOffice_logoOpenOffice 3.0 - the only option for masochistic Linux users

Review And linear optimizing Mactards