Corporate Restructuring - One of the first moves engineered by WorldCom in its struggle to avoid financial collapse was elimination of its MCI tracking stock. The step will harvest cash that would have been paid in MCI dividends and, should the long-distance firm be sold, allow WorldCom to book all proceeds rather than share them with stockholders. It's another sign that the old-fashioned parts of ...
Year of publication:
Mergers & acquisitions. - New York, NY : Investment Dealers' Digest, ISSN 0026-0010, ZDB-ID 8628555. - Vol. 37.2002, 7, p. 21