Byline: NOELLE KNOX Business Writer
NEW YORK -- Wall Street is closely watching U S West Inc., the focus of two competing buyout offers, now that another telecommunications company involved in the takeover bids has made its decision.
U S West, a Colorado-based Baby Bell telephone company, is weighing a $34 billion offer from Qwest Communications International Inc. against a $32.5 billion bid from Global Crossing Ltd.
U S West and Frontier Corp., a Rochester long-distance phone company, had previously agreed to merge with Global Crossing Ltd. before receiving tandem bids from Qwest on Sunday.
Frontier said Thursday it is sticking to its deal …
No comments:
Post a Comment