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Technology Stocks : WCOM
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To: Anthony Wong who wrote (3569)12/14/1998 9:22:00 AM
From: Mazman  Read Replies (1) of 11568
 
From Briefing.com

MCI/Worldcom (WCOM) offers to buy OzEmail (OZEMY) common for $2.20 (US)... ADRs valued at $22.00 - closed Friday at $20 7/8... Ozemail management has indicated that unless a higher bid emerges it is likely to accept the offer... Stock had been running up in recent days on speculation of a deal... Quick take is that this another good acquisition by WCOM's aggressive management team... News could light a fire under Pacific Internet's IPO (PCNTF) due to price this week.
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