View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 24, 1999

MCI WORLDCOM COMPLETES OZEMAIL OFFER

By CBR Staff Writer

MCI WorldCom Inc has completed, through its subsidiary UUNet Holdings Australia Pty Ltd, its $2.20 per share cash tender offer to acquire all the ordinary shares of Australian ISP OzEmail Ltd. By the close of the offer yesterday morning in New York, UUNet had acquired about 96% of the ordinary shares outstanding. UUNet Australia will make payment for the tendered shares on March 1. UUNet Australia also said it expects to announce on March 1 that it will exercise its right under the Australian Corporations Law to acquire by compulsory acquisition all OzEmail ordinary shares (including ADSs) still outstanding.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU