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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 85.91-6.6%3:59 PM EST

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To: HairyWho? who wrote (3966)6/13/1999 4:41:00 PM
From: E. Graphs  Read Replies (1) of 6846
 
*Qwest Offers To Buy U S West, Frontier

DENVER, June 13 (Reuters) - Qwest Communications International Inc. said Sunday it offered to buy Baby Bell U S West Inc. and long-distance provider Frontier Corp. for $55 billion in cash and stock, attempting to break up rival Global Crossing Ltd.'s plans to buy both companies.

In a bid to create U.S. telecommunications giant, Qwest said it would pay up to $80 per share in its common stock for U S West and $20 per share in cash and $55 per share in stock for Frontier.

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