Who wants it more?

MCI will soon be faced with another challenge. Qwest Communications is currently preparing a new bid in hopes that the improved offer will grasp the attention of the MCI board. Although the board has supposedly accepted a lower bid from Verizon, Qwest desires to persuade them with a higher incentive. A merger with Verizon could lead to a more steady growth rate, but the competition's bid just might be too much to refuse. As for Qwest, the merger would be a significant help for the struggling company. This situation illustrates very plainly the power of a competitive market. The market, as well as MCI stockholders, should claim victory.

1 comment:

Dr. Tufte said...

I couldn't agree more - it can't be anything but good for MCI that there is more than one bidder and more than one bid.