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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 99.88-0.8%Feb 3 3:59 PM EST
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To: Mike Fredericks who wrote (4178)6/18/1999 2:38:00 PM
From: Z268  Read Replies (1) of 6846
 
The excerpt below is from the SEC filing. This is NOT a new offer. QWST's offer was for 1.783 shares IF both FRO and USW accept, and 1.738 shares if only USW accepts. This is obviously their way of saying that there will NOT be a revised offer?

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Qwest has offered to acquire U S WEST, a Denver-based provider of communications
services to more than 25 million customers in 14 states, for 1.738 shares of
Qwest common stock for each share of U S WEST common stock. If Frontier agrees
to a business combination with Qwest, the consideration payable to U S WEST
shareholders will be increased to 1.783 shares of Qwest common stock for each
share of U S WEST common stock. In either case, the transaction will be
accounted for as a purchase and will be tax-free to U S WEST shareholders.
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