"Verizon Communications on Monday said it would acquire long-distance telephone company MCI for $5.3 billion to accelerate its efforts to serve multinational corporations," reports CNet.
MCI will also pay a special dividend of $4.50 per share, or nearly $1.5 billion, bringing the total value for MCI shareholders to more than $6.7 billion. That special payout includes a quarterly dividend of 40 cents per share approved by the MCI board on Friday."
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