MCI/ Qwest series

Market consolidation in the US:  MCI rejected the third Qwest proposal (at $ 8.9bn) and continues to stick with Verizon $ 7.5bn offer. But Qwest does not want to give up. Its next move could be a hostile takeover attempt, and direct offer to shareholders. Several major MCI shareholders disagree with MCI board decision and encourage Qwest to continue. Anticipating the current situation, Qwest had already hired proxy advisor firm Altman Group and could ask shareholders selling their shares to Qwest. We cannot expect an end soon.