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Technology Stocks : WCOM

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To: ironROD who wrote (1866)11/11/1997 9:54:00 PM
From: Oeconomicus  Read Replies (1) of 11568
 
All, did you see the size of the breakup fees in this deal?

biz.yahoo.com

If WCOM shareholders or regulators kill the deal, WCOM pays MCIC $1.635 billion and BT $250 million. Seems to me Bernie is smart enough not to agree to almost $1.9 billion of breakup fees if there were any doubts about regulatory approval.

Thoughts?

Bob
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