I don't know what to tell you, Rubble; that may have been true in Dec...I don't think there's a high probability of it happening...I'm using ICIX form 10-K, filed April 2, and certainly a further catalyst for the selloff. Hopefully, this link will get you there; if not, you can get there through Intermedia's webpage. If you don't want to wade through the entire filing, I've cut and pasted the first mention of it:
At the same time, WorldCom and Intermedia entered into an amendment to the merger agreement, the details of which are described under "- Recent Developments." The WorldCom merger is
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conditioned upon the stipulation of settlement relating to the Delaware Digex stockholders litigation having received final and unappealable court approval and a final and unappealable judgment having been entered. Although the proposed settlement agreement has been submitted to the Chancery Court for approval, there can be no assurance that the settlement will be approved by the Chancery Court as presented. Moreover, one or more interested parties may object to the settlement and, in the event that the settlement is approved by the Chancery Court, one or more interested parties would be entitled to appeal the Court's decision. If this were to occur, the final approval of the settlement may be delayed substantially and, accordingly, the merger may also be delayed. In addition, if the settlement receives Court approval prior to the June 30, 2001 termination date set forth in the merger agreement, but the appeals process has not yet concluded at that time, the parties have agreed to extend the termination date until September 30, 2001. If the Chancery Court approves the settlement and that decision is appealed, however, there can be no assurance that the appeals process would be completed prior to September 30, 2001, in which case WorldCom may be entitled to terminate the merger agreement.
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