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Under the agreement, each share of Sprint FON Group (NYSE:FON) will be exchanged for $76.00 of MCI WorldCom common stock, subject to a collar... The
Under the agreement, each share of Sprint FON Group (NYSE:FON) will be exchanged for $76.00 of MCI WorldCom common stock, subject to a collar... The actual number of shares of MCI WorldCom common stock to be exchanged for each Sprint FON Group share will be determined based on the average trading prices prior to the closing, but will not be less than 0.9400 shares (if MCI WorldCom's average stock price exceeds $80.85) or more than 1.2228 shares (if MCI WorldCom's average stock price is less than $62.15)
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