Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: lazarre who wrote (1269)	7/1/1999 10:42:00 PM
From: MangoBoy	Read Replies (1) of 15615

[U S WEST Board Reviews Revised Qwest Bid; Decides to Enter Into Talks With Qwest With the Consent of Global Crossing] (And sure enough... -- mark) DENVER, July 1 /PRNewswire/ -- U S WEST today announced that its Board of Directors has determined to authorize the Company's management and advisors to discuss with Qwest Communications International, Inc. issues relating to its June 23 revised merger proposal. Global Crossing has consented to U S WEST conducting such discussions with Qwest. U S WEST's merger-of-equals agreement with Global Crossing remains intact and U S WEST's Board will continue to monitor events related to its Global Crossing merger agreement. Sol Trujillo, Chairman, President and CEO of U S WEST, stated that "the Board remains committed to acting in the best interests of U S WEST shareholders and to its vision of building a next generation global data-centric company."

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