Genuity, Inc. (GENU) Message Board

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Technology Stocks : Genuity, Inc. (GENU)

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To: Ms. Baby Boomer who wrote (432)	11/2/2002 9:41:27 AM
From: Kent Rattey	Read Replies (1) of 456

Level 3 Nears Deal for Genuity Assets FT World Media Abstracts via Comtex (November 1, 2002) Nov 1, 2002, (Wall Street Journal /FT Information via COMTEX) -- Fiber-optic network company Level 3 Communications Inc. is in negotiations with Genuity Inc. to acquire the troubled Internet service provider's assets for over $100m. The terms of the agreement, which is expected to be carried out as debt-laden Genuity seeks Chapter 11 protection, are still being finalized. Prior to an acquisition, Genuity's banks, along with shareholder and lender Verizon Communications Inc., will need to approve the deal. Copyright 2002: Financial Times Information. All rights reserved

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