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Technology Stocks : WCOM
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To: Paul Berggren who wrote ()5/1/2000 7:58:00 AM
From: P.M.Freedman  Read Replies (1) of 11568
 
Shareholders OK Sprint, MCI WorldCom
CLINTON, Miss. - Stockholders of MCI WorldCom and Sprint voted Friday to approve the proposed merger between the telecommunications companies, a $115 billion buyout that still faces regulatory scrutiny in the United States and Europe. Investors holding about 61% of Sprint's stock voted in favor of the takeover by MCI WorldCom at a shareholder meeting in Kansas City, where Sprint is based. At MCI WorldCom's headquarters in Clinton, Miss., investors representing about 63% of the company's shares cast their ballots in favor of the deal, which was announced last fall. The merger would combine the second- and third-largest long-distance phone companies, as well as two major operators of the so-called ''backbone'' networks that carry Internet traffic.
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