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WorldCom, Sprint Officially Terminate Merger
WorldCom (WCOM Quote) and Sprint (FON Quote) have officially terminated their $115 billion merger because the deal failed to meet regulatory scrutiny in both the U.S. and Europe.
The move frees up both companies to speak with a bevy of potential new partners.
Shares of WorldCom rose 1 1/2, or 3%, to 46 in early trading, according to Instinet, while shares of Sprint were up 15/16, or 2%, at 47 151/6. ...
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