qps
07-24-2002, 01:59 AM
From Yahoo:
Associated Press
Report: Co. Makes Offer for Williams
Level 3 Reportedly Makes $1.1 Billion Bid for Williams Communications Group
NEW YORK (AP) -- Level 3 Communications Inc. has reportedly made a $1.1 billion bid to acquire Williams Communications Group.
In a report post on its Web site early Wednesday, The Wall Street Journal said the bid came at the same time that Tulsa, Okla.-based Williams is finalizing a deal with investor Leucadia National Corp. to invest $150 million. The move would let Williams emerge from bankruptcy proceedings as a stand-alone company, the newspaper reported, citing unidentified sources.
The Journal said it wasn't known when Broomfield, Colo.-based Level 3 made its offer, but said it could complicate Williams' efforts to gain bankruptcy court approval for the Leucadia deal.
Calls made by The Associated Press to Wiliams Communications and Level 3 weren't immediately returned.
Also on WSJ Online (account required): http://online.wsj.com/article/0,,SB1027462313882089280,00.html?mod=home_whats_news_us
Associated Press
Report: Co. Makes Offer for Williams
Level 3 Reportedly Makes $1.1 Billion Bid for Williams Communications Group
NEW YORK (AP) -- Level 3 Communications Inc. has reportedly made a $1.1 billion bid to acquire Williams Communications Group.
In a report post on its Web site early Wednesday, The Wall Street Journal said the bid came at the same time that Tulsa, Okla.-based Williams is finalizing a deal with investor Leucadia National Corp. to invest $150 million. The move would let Williams emerge from bankruptcy proceedings as a stand-alone company, the newspaper reported, citing unidentified sources.
The Journal said it wasn't known when Broomfield, Colo.-based Level 3 made its offer, but said it could complicate Williams' efforts to gain bankruptcy court approval for the Leucadia deal.
Calls made by The Associated Press to Wiliams Communications and Level 3 weren't immediately returned.
Also on WSJ Online (account required): http://online.wsj.com/article/0,,SB1027462313882089280,00.html?mod=home_whats_news_us
