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Technology Stocks : LCI, Is it worth lettig it ride? -- Ignore unavailable to you. Want to Upgrade?


To: James Petersen who wrote (404)6/5/1998 12:58:00 AM
From: MangoBoy  Read Replies (1) | Respond to of 411
 
<< but the question in my mind remains,"does QWST have ALL the permits, oks, approvals, blessings, etc. to close this deal"? >>

per qwest.com (6/1/98):

"Qwest today announced its new senior management team as both Qwest and LCI prepare for their shareowner votes, Friday, June 5, 1998. Qwest also announced it has cleared all federal approvals for the proposed merger with LCI and has set in place its senior management team. The proposed merger has received FCC clearance; SEC clearance; Hart, Scott, Rodino approval and 48 of 50 state approvals. Remaining state approvals are expected to be cleared shortly."

I talked with QWST IR and they said the remaining two states might be nailed down by tomorrow and even if they're not the deal will likely close tomorrow anyway.

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