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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: Robert Scott who wrote (15948)	10/1/1997 1:24:00 PM
From: Maverick	of 61433

WORLDCOM INC. (WCOM: 35, - 3/8) and BROOKS FIBER PROPERTIES (BFPT: 55, + 8-5/16) executed a definitive agreement and plan of merger valued at $2.4 billion plus outstanding debt obligations. The total amount of debt wasn't immediately known. WorldCom said each Brooks common share will be exchanged for 1.65 WorldCom common shares. The transaction is structured to qualify as a pooling of interests. See Full Story at infobeat.com. WORLDCOM INC. (WCOM: 35, - 3/8) said it will offer to acquire MCI COMMUNICATIONS CORP. (MCIC: 36, + 6-5/8) for $41.50 of WorldCom stock for each MCI share, in a deal valued at about $30 billion. The bid counters that of BRITISH TELECOMMUNICATIONS (BTY: 71-15/16, + 5-5/16). Last November, BT and MCI agreed to merge, in a deal valued at that time at about $21 billion. WorldCom said the transaction is expected to add to its earnings by as much as 22 percent in the first year. See Full Story at infobeat.com.

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