Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: Nick Papa who wrote (911)	5/16/1999 9:12:00 PM
From: Diver	Read Replies (2) of 15615

It's Official! (more or less) "NEW YORK (AP) - Baby Bell phone company U S West Inc. has reached an agreement to merge with growing telecommunications company Global Crossing Ltd., according to a source close to the negotiations. Under the deal, which will be announced Monday morning, U S West will purchase 9.5 percent of Global Crossing for roughly $2.4 billion, the source said. The two companies will subsequently merge in a 50-50 stock combination, creating a company with $17 billion in annual revenue and a stock market value of $65 billion. " marketwatch.newsalert.com Diver

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