MCI extends tender offer for class A common stock of Digex

Tuesday 7 October 2003 | 09:10 CET | News
MCI announced that it has extended the deadline for its tender offer for all of the outstanding shares of Class A Common Stock of Digex, Incorporated (OTCBB: DIGX) for $0.80 per share net to the seller in cash. The tender offer, as extended, will now expire at 5:00 p.m., New York City time, on October 10, 2003. The tender offer was scheduled to expire at 5:00 p.m., New York City time, on October 3, 2003. As of the date hereof, approximately 9,135,072 shares of Class A Common Stock have been validly tendered (and not properly withdrawn). MCI's tender offer remains subject to further extension. Any such extension will be followed as promptly as practicable by public announcement thereof, and such announcement will be made no later than 9:00 a.m., New York City time, on the next business day after the previously scheduled expiration date. Stockholders of Digex have the right to withdraw shares of Class A Common Stock which have been tendered until the expiration date of the tender offer, as extended. MCI may retain the shares of Class A Common Stock that have been tendered and not withdrawn until the expiration of the tender offer as extended. Georgeson Shareholder Communications Inc. is acting as the Information Agent in connection with the tender offer.

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Categories: Fixed
Countries: United States
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