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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: E.J. Neitz Jr who wrote (39776)5/21/2002 6:48:57 PM
From: Kelvin Taylor  Read Replies (1) of 53068
 
The battered telecom player expects to save $284 million annually from the move by not having to pay dividends on MCI's stock. MCI holders of record will still be paid their 60 cent-a-share dividend due on July 15.

According to a statement, each outstanding MCI share will be converted into 1.3594 shares of WorldCom on July 12, which amounts to a necessary 10 percent premium dictated by original terms of the tracking stock plan.

so if you already own some MCIT keep it? going to get paid the divie on 7/15.

you were right now Ed.
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