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Qwest puts heat on MCI shareholders with raised offer
MCI shareholders have a lot to think about now that Qwest has put an $8.4 billion offer on the table. Despite some lingering skepticism among analysts and MCI shareholders, Qwest said it is financially stable enough to handle a merger of such proportions. Verizon Communications, reiterated its position that its bid was still superior. Some analysts said Verizon may consider submitting a higher offer. Washington Post, The (3/18), Denver Post, The (3/18), Denver Rocky Mountain News (3/18), Wall Street Journal, The (3/18)