Qwest wants MCI to back out of its deal with Verizon Communications, NewsFactor reports.
Qwest has offered $20.70 a share — $6 in cash and the rest in Verizon stock — to purchase the company. Qwest hopes the bigger cash payout it is offering will prompt MCI shareholders to switch sides.
MCI maintains a major operation in Cary, NC.
For details, see: www.newsfactor.com/story.xhtml?story_title=Qwest-Promises-MCI-Sweeter-Deal&story_id=31483
