BT grabs cash back on MCI as WorldCom wins the day

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$51-a-share offer puts BT's $35 bid in the shade, forcing it to pull out of MCI in a $7.4bn cash settlement.

BT's ambitious bid to buy MCI Communications has been eclipsed by US out of MCI in a $7.4bn cash settlement. telecoms upstart WorldCom. Worldcom finally managed to take MCI over last week after b...

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