Washington (the state, not the colony in which I live) approved today (Wed. circa 1PM ET), so only Arizona has not taken final action. Last week (see a prior post of mine which has the link to the opinion), an AZ hearing officer set out about two dozen recommended conditions to approval, most of which were already satisfied, had been agreed to under another state's conditional approval, or were readily satisfiable (at least in the relatively biased opinion of this particularly interested observer).
Copied from SI:News below -
"SEATTLE, June 20 /PRNewswire/ -- U S WEST, Inc. (NYSE: USW), a leading provider of next-generation broadband and communications services, and Qwest Communications International Inc. (NYSE: Q), the broadband Internet communications company, today received unanimous approval for their merger from the Washington Utilities and Transportation Commission (WUTC). Arizona is the only state in the 14-state region that has yet to approve the merger.
[snipped much info]"
So, why is the stock down today? Pre-merger blues that we'll soon have nothing to speculate on or about? Wouldn't that be a novelty.
Regards,
Harry J. |
