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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 81.89+2.8%Dec 22 3:59 PM EST

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To: voop who wrote (621)1/18/1998 9:32:00 AM
From: nic  Read Replies (1) of 6846
 
Why does Qwest want this money losing company with decreasing revenues and pay a 40% premium to the market to boot?

Because they are on sale. The premium is not unusual for such deals, especially if you look at the PHX share price a few months back. QWST wants their infrastructure & customers, and will profit from the synergy with their own assets.

- nic
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