RCN Corp. (RCNC) - Voice-Video-Internet Message Board

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Technology Stocks : RCN Corp. (RCNC) - Voice-Video-Internet

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To: Pierre Borczuk who wrote (371)	4/22/1999 5:42:00 PM
From: Kevin G. O'Neill	Read Replies (1) of 720

AT&T Bids For MediaOne, Topping Offer From Comcast ...Reuters... dailynews.yahoo.com. Thursday April 22 5:25 PM ET AT&T Bids For MediaOne, Topping Offer From Comcast NEW YORK (Reuters) - Long distance and cable television giant AT&T Corp. (NYSE:T - news) Thursday offered to buy cable company MediaOne Group Inc. for $58 billion in cash and stock, in an attempt to break up MediaOne's proposed merger agreement with Comcast Corp. (Nasdaq:CMCSA - news) AT&T, which recently acquired Tele-Communications Inc. (Nasdaq:TCOMP - news) for $55 billion, said its offer represents a premium of 17 percent, or $8.6 billion, over the current value of Comcast's offer and 26 percent over MediaOne's current trading price. [Thanks for the flag, Pierre... -kgo]

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