silly rumor:
IXC Communications May Be Sold Within Weeks, Business Week Says
Bloomberg News
March 4, 1999, 7:46 p.m. PT
Austin, Texas, March 4 (Bloomberg) -- IXC Communications
Corp., which provides phone services to small- and medium-sized
businesses, may be sold within weeks for about $41.9 billion,
Business Week reported in its ''Up Front'' column, citing an
unidentified person close to the company. Britain's Cable &
Wireless Plc, Internet service provider PSINet Inc. and Global
Crossing Ltd., which builds undersea fiber-optic networks, are
considered the most likely buyers. The offer price would equal
about $53 a share, lower than today's closing of 54, the magazine
said.
IXC said last month that it was considering selling the
company as one way of boosting its stock price.
(BW 3/15 6 www.businessweek.com)
--Courtney Schlisserman in the New York newsroom (212) 318-2300
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NOTE: yahoo shows IIXC's market cap as $1.95B, so the price above is totally wrong. I don't think Global Crossing is going to buy this company. |
