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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: guido leone who wrote (955)5/25/1999 4:47:00 PM
From: Beltropolis Boy  Read Replies (1) of 15615
 
>How can GBLX not like this USW deal? What are they giving up to get USW? They get a lot of cash and they get 50% ownership of the new company without giving up anything.

i don't believe that's entirely true. to wit, global's giving up their bermudan tax haven and roughly $1 billion of foregone tax breaks to "be acquired." (actually, it really sounds like winnick's the one doing the acquiring.) i.e., GBLX must come to america to make this deal tax-free.
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