may 21 news release
biz.yahoo.com
On July 12, 2002, each outstanding share of MCI group common stock will be
converted into 1.3594 shares of WorldCom group common stock. Fractional
shares will be paid in cash. Notice of the conversion will be mailed on May
22, 2002 to holders of record as of May 21, 2002 of shares of MCI group common
stock. Dividends on shares of MCI group common stock will cease to be paid as
of the conversion date. However, holders of record of MCI group common stock
at the close of business on June 30, 2002 will be paid the previously declared dividend of $0.60 per share payable on such shares on July 15, 2002,
notwithstanding the July 12, 2002 conversion. |
