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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Frank A. Coluccio who wrote (1297)7/12/1999 9:15:00 PM
From: Robert S.  Read Replies (1) of 15615
 
For what its worth:

Global Crossing May Make Bid for IXC, Dorfman Says (Update1)

(Updates to add company comment.)

Austin, Texas, June 15 (Bloomberg) -- Global Crossing Ltd. may make an offer to acquire IXC
Communications Inc. for $1.6 billion to $1.8 billion, or $45 to $50 a share, Dan Dorfman reported in his
JagNotes.com column, citing unconfirmed Wall Street speculation. IXC provides long-distance carriers
that buy their network capacity and services from IXC with long-distance phone traffic. Its shares rose
1 3/16 to 36 1/8 in late trading.

Richard Laubscher, Global Crossing's vice president of corporate communications, said speculation of
such a bid is false. (JagNotes.com 6/15 www.jagnotes.com)
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.

quote.bloomberg.com
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