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Jan 6, 2006 · Verizon and MCI have been engaged in integration planning since the merger was approved by MCI shareholders on Oct. 6, 2005. Under terms of the merger agreement, MCI shareholders will receive 0.5743 shares of Verizon and cash for each of their MCI shares.
Jan 6, 2006 · WASHINGTON (MarketWatch) -- Verizon Communications on Friday closed the $8.5 billion purchase of MCI Inc., the nation's second largest long-distance carrier, as the combined company gears up to...
In 1989, it became a corporation as a result of a merger with Advantage Companies Inc. The company name was changed to LDDS WorldCom in 1995, and it relocated to Clinton, Mississippi. The company grew rapidly in the 1990s, after completing several mergers and acquisitions.
Feb 14, 2005 · NEW YORK and ASHBURN, Va. - Verizon Communications Inc. (NYSE:VZ) and MCI, Inc. (NASDAQ:MCIP) today announced that Verizon has agreed to acquire MCI for $4.8 billion in equity and $488 million in cash. The transaction adds new strength to the telecommunications services both companies provide.
The company was incorporated in 1933 by Harry Zoltok as Fort Garry Motor Body and Paint Works Limited, in Winnipeg, Manitoba, Canada. [1] In 1948, Greyhound Lines of Canada, at that time MCI's major customer, became a majority shareholder when it purchased 65 percent of the company. MCI was purchased outright by Greyhound Lines in 1958.
Dec 8, 2005 · Verizon Communications has sealed a $6.7 billion deal with long-distance provider MCI as the telecommunications industry continues its spasm of megamergers. On Monday, Verizon said it will pay...
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Oct 31, 2005 · YORK and ASHBURN, Va. - Federal Communications Commission today approved the proposed acquisition of MCI, Inc. (NASDAQ:MCIP) by Verizon Communications Inc. (NYSE:VZ) after concluding the transaction advances the public interest.
