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Technology Stocks : AUTOHOME, Inc

ATHM 24.08

-3.1%

Nov 14 9:30 AM EST

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To: Frank A. Coluccio who wrote (11171)	6/13/1999 5:32:00 PM
From: Frank A. Coluccio	Read Replies (2) of 29970

Thread, QWST just made offers to buy both USW and FRO. See Below. ----------- Qwest Offers To Buy U S West, Frontier DENVER (Reuters) - Qwest Communications International Inc. said Sunday it offered to buy Baby Bell U S West Inc. and long-distance provider Frontier Corp. (NYSE:FRO - news) for $55 billion in cash and stock, attempting to break up rival Global Crossing Ltd (Nasdaq:GBLX - news).'s plans to buy both companies. In a bid to create a 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. Global Crossing and U S West said in May they agreed to merge in a stock deal worth $37 billion. In March, Global Crossing said it would buy Frontier for $11.2 billion. Qwest said in a statement Sunday its proposals are ''financially and stragetically superior to Global Crossing's pending transactions.'' A Global Crossing spokesman was not immediately available for comment. Qwest said the transactions would also include the assumption of about $11.4 billion in debt, in addition to the $55 billion in cash and stock it is offering.

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