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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (2717)	6/23/1998 5:26:00 PM
From: soylent	Read Replies (1) \| Respond to of 11568

FROM THE MCI THREAD ON EXCHANGE RATIO MCI stockholders will get 1.23+ shares of WCOM for each share of MCI stock, based upon the 20 day closing price average prior to the merger. Thus, if the WCOM average is 44/share for the previous 20 days, your MCI stock is valued at about 55. The 1.23+ shares is if the WCOM price is above 41. If it is between 29 and 41, it is different, and if it drops below the low end, MCI stockholders get more shares.

To: P.T.Burnem who wrote (2717)	6/23/1998 5:57:00 PM
From: Anthony Wong	Respond to of 11568

EU, U.S. agree on MCI merger By Reuters Special to CNET NEWS.COM June 23, 1998, 11:10 a.m. PT European Union and U.S. regulatory authorities have reached similar conclusions in reviewing the planned $37 billion merger between MCI Communications and WorldCom, an EU official said today. Highlighting the cooperation between the two transatlantic authorities, European competition commissioner Karel Van Miert said: "On WorldCom and MCI, we reached almost identical conclusions and similar remedies." The European Commission, the EU's antitrust agency, said yesterday that it had made substantial progress in its review of the combination of the U.S. telecom giants, prompting expectations that the megamerger was likely to be given the EU approval next month as long as certain conditions were met. These are expected to include MCI giving up its entire Internet backbone holding to eliminate any overlap with WorldCom's UUNet Technologies. Cable & Wireless CEO Richard Brown told Bloomberg that his company is in talks to buy the Internet assets that MCI must shed in order to win regulatory approval. In May, Cable & Wireless, the second-largest U.K.-based phone company, said that it had agreed to acquire the Internet facilities of MCI for $625 million, payable in cash. In June, C&W filed a lawsuit requiring MCI to comply with the existing agreement, in what was seen by industry experts as a preemptive strike to prevent MCI from reneging. "Cable & Wireless is in discussions with MCI right now about whatever it is they may need to sell to satisfy regulators," Brown said. "We remain highly interested and we are pursuing with MCI, in great earnestness, discussions about the possible acquisition of this asset base." A final decision is expected on July 8, though approval in the United States is expected to take a little longer. Story Copyright c 1998 Reuters Limited All rights reserved.

To: P.T.Burnem who wrote (2717)	6/23/1998 6:00:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

PT, concerning price action, I think both you and Mark are right - it's arb action as well as some uncertainties that kept the lid on more accelerated price gains.

To: P.T.Burnem who wrote (2717)	6/23/1998 7:30:00 PM
From: ANANT	Read Replies (1) \| Respond to of 11568

PTB: MCI/WCOM merger I will try to explain the relative stk prices of WCOM and MCIC at the time of closing. 100 MCIC shrs = 124.39 shrs of wcom ( 51/41 = 1.2439) If the ave. price of WCOM in the last 20 days before the closing time is 48.00 ( assumed) , the MCIC stk price should be 48*1.2439 = 59.70. Now wcom is at 47.937 the MCIC is 57.687 ( MCIC is lagging behind by a couple of points) as closed today. I believe as the closing time approaches and the merger uncertainties are removed, MCIC should leap forward much more than wcom to satisfy the above factors. I would appreciate if someone could comment on my understanding and point out any lapses. Thanx in advance. Kind rgds ANANT Note: If the above analysis is correct, it may be desirable to buy MCIC now in preference to WCOM, assuming the merger goes through and WCOM is going up. If not MCIC will tank.