North American Network Operators Group

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Leucadia Selloff

  • From: Fergie (Paul Ferguson)
  • Date: Tue Oct 05 15:16:35 2004

Leucadia National sold all of its MCI stock. The conglomerate
filed an 8-K with the SEC stating that it sold its 5% stake in
the carrier. According to the document the sale brought in a
pre-tax profit of about $20 million for Leucadia. The investment
company says the sale "should not be interpreted to mean that
(Leucadia) is no longer interested in acquiring control of MCI,
but no assurance can be given that (it) will acquire control of
MCI." Leucadia in July filed for permission with the SEC to buy
50% of MCI's shares.

- ferg

"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 [email protected] or
 [email protected]