SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?


To: Teddy who wrote (3328)9/16/1998 8:24:00 AM
From: Anthony Wong  Respond to of 11568
 
By all means e-mail Cramer, Teddy, and let us know. Intriguing.



To: Teddy who wrote (3328)9/16/1998 8:38:00 AM
From: Anthony Wong  Read Replies (1) | Respond to of 11568
 
From Bloomberg: BT Receives $6.936 Bln For MCI Stake Sale

Bloomberg News
September 16, 1998, 6:25 a.m. ET

RNS No 0563n
BRITISH TELECOMMUNICATIONS PLC
16th September 1998

RECEIPT OF PURCHASE MONEY FROM MCI WORLDCOM

BT confirms that yesterday it received $6,935,945,532
from MCI WorldCom in consideration for the purchase by
WorldCom of all BT's Class A Common Stock in MCI pursuant
to the Merger Agreement between WorldCom and MCI dated 9
November 1997.

******************************************************

Did WorldCom then sold the MCI stake in the open market? Had it hedged the MCI stake?