allan
07-28-03, 12:41 PM
MCI/WorldCom/UUNET issued a press release Friday saying that they were interested in acquiring the other 49% of Digex (presumably before Digex joins them in bankruptcy court ;)):
http://global.mci.com/news/news2.xml?newsid=8110&mode=long&lang=en&width=530&langlinks=off
ASHBURN, Va., July 24, 2003 - MCI (WCOEQ, MCWEQ) announced today that it has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York seeking authorization to purchase all outstanding publicly traded common stock of Digex, Incorporated for a total of approximately $18 million dollars. The purchase enables MCI to expand its managed services portfolio -- a key strategic objective of its Plan of Reorganization -- while assuring Digex and MCI customers that MCI is committed to supporting their hosting services.
http://global.mci.com/news/news2.xml?newsid=8110&mode=long&lang=en&width=530&langlinks=off
ASHBURN, Va., July 24, 2003 - MCI (WCOEQ, MCWEQ) announced today that it has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York seeking authorization to purchase all outstanding publicly traded common stock of Digex, Incorporated for a total of approximately $18 million dollars. The purchase enables MCI to expand its managed services portfolio -- a key strategic objective of its Plan of Reorganization -- while assuring Digex and MCI customers that MCI is committed to supporting their hosting services.